Production cost refers to prime cost plus - Industrial Engineering and Production Management Quiz

Mechanical Engineering : Industrial Engineering and Production Management - Quiz(MCQ)

Production cost refers to prime cost plus

factory and administration overheads

factory overheads

factory, administration and sales overheads

factory, administration, sales overheads and profit

Correct Answer : Option (B) : factory overheads

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In a functional organisation

quality of work is better

wastage of material is minimum

specialised knowledge and guidance to individual worker is provided

All of the above

Correct Answer : All of the above

The most important function of inventory control is

stock control system

to run the stores effectively

technical responsibility for the state of materials

All of the above

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