Pre Test Module 4B

Front

What is production planning?

Back

Production planning is a planning process using information from products to plan production rates and inventory levels over a period of time from a group of products.

Front

In calculating estimated indirect material costs, which formula is used? Options: Percentage of holding cost x Total needs, Unit price x Total annual needs, Total needs x Cost per kWh, Price per item x Total per year

Back

Price per item x Total per year

Front

Which of the following is NOT an example of production input? Labor, Machinery, Finished products, Raw materials

Back

Finished products

Front

What is NOT an example of indirect materials? Lubricants, Cotton waste, Bricks

Back

Machinery parts

Front

According to the provided module 4b, what is depreciation?

Back

A measure of the loss of value of a depreciable asset

Front

Which of the following would be classified as a real investment? Bonds, Machinery, Stocks, Mutual funds

Back

Machinery

Front

Which formula represents the calculation of Total Material Holding Cost? Options: Unit Price x Total Needs, Packaging Cost per Unit x Production Volume, Percentage of Holding Cost x Total Material Cost, Price per Item x Total per Year

Back

Percentage of Holding Cost x Total Material Cost

Front

What is the purpose of investment according to Kasmir and Jakfar (2015)?

Back

Placing money or funds in shares

Front

Why is it important to calculate the electricity cost of a machine?

Back

To accurately estimate total production costs and energy expenses

Front

Which of the following calculates total kWh cost for a machine? Options: Machine capacity / 1000 x working time, kWh cost per machine / 5 days, Machine capacity / total machine count, kWh x cost per machine

Back

Machine capacity / 1000 x working time