Industrial Engineering and Production Management The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as Taylor Differential Piece rate system Halsey Premium plan Rowan Plan Day work plan Taylor Differential Piece rate system Halsey Premium plan Rowan Plan Day work plan ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to (F × P)/V F/[1 + (V/P)] F/[1 - (V/P)] (F × V)/P (F × P)/V F/[1 + (V/P)] F/[1 - (V/P)] (F × V)/P ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management PMTP (predetermined motion time systems) include MTM (method time measurement) BNTS (basic motion time study) WFS (work factor systems) All of these MTM (method time measurement) BNTS (basic motion time study) WFS (work factor systems) All of these ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Inventory control in production, planning and control aims at Achieving optimization Discounts allowed in bulk purchase Acceptable customer service at low capital investment in inventory Ensuring against market fluctuations Achieving optimization Discounts allowed in bulk purchase Acceptable customer service at low capital investment in inventory Ensuring against market fluctuations ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Production cost refers to prime cost plus Factory, administration and sales overheads Factory and administration overheads Factory, administration, sales overheads and profit Factory overheads Factory, administration and sales overheads Factory and administration overheads Factory, administration, sales overheads and profit Factory overheads ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Direct expenses include Factory expenses Administrative expenses Selling expenses None of these Factory expenses Administrative expenses Selling expenses None of these ANSWER DOWNLOAD EXAMIANS APP
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