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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store

Fixed price method
Primary cost method
Current value method
Inflated system

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Industrial Engineering and Production Management
Standard time is equal to

Representative time multiplied by rating factor
Normal time taken by an operation
(Normal time) - (allowances)
(Normal time) + (allowances)

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Industrial Engineering and Production Management
In break even analysis, total cost consists of

Fixed cost + variable cost + profit
Variable cost + sales revenue
Fixed cost + variable cost

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Industrial Engineering and Production Management
CPM has following time estimate

Three time estimate
One time estimate
Two time estimate
Four time estimate

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Industrial Engineering and Production Management
Job evaluation is the method of determining the

Relative worth of jobs
Contribution of a worker
Skills required by a worker
Contribution of a job

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Industrial Engineering and Production Management
The work study is done by means of

Stop watch
Planning chart
Process chart
Any one of these

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