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WorksheetsMSFFDM4007 Identify and calculate production costs
Total questions: 11
Worksheet time: 11mins
Name
Class
Date
1.
Which of these is required to establish the production cost of an item of furniture?
a)
Product specifications & Production plan
b)
Process specifications and labour unit costs
c)
Distribution costs & supplier agreements
d)
All of these
2.
True or false - Overhead costs are general costs that are evenly spread over all of your products
a)
True
b)
False
3.
Which of these is NOT an overhead cost
a)
Workshop rental
b)
Electricity bill
c)
Timber
4.
If you have designed a chest of drawers with hand cut dovetails and a rare timber, but client says the price is too high, what change could you consider to reduce the price
a)
Use a different production method such as machine cut dovetails
b)
Use a different timber
c)
either of these
5.
What form would you typically use to calculate the cost to make a piece of furniture?
a)
Estimate form
b)
Back of an envelope form
c)
Beer mat form
6.
What would be best practice when communicating a proposed price to a potential client:
a)
Text them the price
b)
E-mail a quotation detailing specifications
c)
Call them and tell them a price
7.
If your estimated job cost is $5,000 and you want to add a 20% profit mark up to arrive at the sales price. How much would the sales price be?
a)
$5,200
b)
$5,750
c)
$6,000
8.
A table top requires 8 buttons to hold the top to the frame, and you are making four tables. How many buttons do you need?
a)
40
b)
32
c)
36
9.
To machine a leg takes 30 mins of milling, 1 hour of joinery, 30 mins of finishing – how long in total does it take?
a)
2 hrs
b)
2hrs 30 mins
c)
3 hrs
10.
A tub of glue costs $60 for one, but the supplier offers you a 20% discount if you buy 5 - how much is each one of the five?
a)
48
b)
40
c)
58
11.
If a table takes 24 hours to make and you have 6 employees, how many tables can you make in one day (assuming an 8 hour day)?
a)
1
b)
2
c)
3
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