PPCE - MODEL 1- SET B- 1 MARKS

The allowance given to enable the operator to recover from the physiological and psychological effects is

• Relaxation Allowance
• Rest Allowance
• Both (A) and (B)
• None of above

Indirect expenses are also called as

• Overhead charge
• On cost
• Burden
• All the above

Normal time is given by

• Observed time × Rating factor
• Observed time / Rating factor
• Normal time × Rating factor
• Normal time / Rating factor

The expenditure made on holding finished stock, packing cost and dispatching them to the customer are considered as distribution expenses.

• true
• false

Direct material cost - Rs.8000; Direct labour cost = 60% of direct material cost; Direct expenses= 5% of direct material cost. The prime cost is ______

• Rs.13000
• Rs.13040
• Rs.13080
• Rs.14020

The reduction in the value and efficiency of the plant, equipment or any fixed asset because of wear and tear, due to passage of time, use and climatic conditions is known as __________

• Scrap value
• Depreciation
• Demand
• Loss value

Cost estimation include(s) the following expenditure(s)

• pattern making
• tool making
• selling expenses
•  all of the above

Expenditure incurred on material, labour, machinery, production and inspection are summed up to find the

• Total cost of product
• Selling price of product
• Factory cost of product
• None of the above

The cost of direct labour is the payment made to _____________

• Machinist
• Supervisor
• Inspector
• Sweeper

The following is cost of direct materials

• Freight charges
• grease
• coolant
•  cotton waste