Mechanical Engineering :: Industrial Engineering and Production Management
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When slack of an activity is positive
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For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be
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Dummy activities are used to
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Which of the following statement is wrong?
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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
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CPM stands for
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The average time recorded by work study man for an operation is called
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In value engineering, important consideration is given to
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The unit cost in case of batch production is __________ as compared to jobbing production.
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A.
it represents a situation where extra resources are available and the completion of project is not delayed
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B.
it represents that a programme falls behind schedule and additional resources are required to complete the project in time
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C.
the activity is critical and any delay in its performance will delay the completion of whole project
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D.
any one of the above
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A.
An activity consume time and resources whereas an event do not consume time or resources.
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B.
The performance of a specific task is called an activity.
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C.
An event is an instantaneous point in time at which an activity begins or ends.
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D.
The turning of a job on lathe is an event whereas job turned is an activity.
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