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WorksheetsEstimation & casting
Total questions: 88
Worksheet time: 15mins
Name
Class
Date
1.
The pre determination of the cost of article is termed as
a)
Costing
b)
Accounting
c)
Estimation
d)
Rating
2.
For filling up tenders enquiries is essential.
a)
Costing
b)
Estimation
c)
Accounting
d)
Purchase order
3.
The estimates are sent to the Sales Department for fixing up the
a)
Cost
b)
Profit
c)
Selling Price
d)
Loss
4.
Cost estimates of different products in a plant is carried out by trained person called
a)
Planner
b)
Designer
c)
Estimator
d)
Draughtman
5.
Estimation is
a)
Finding profit
b)
Listing raw material
c)
Pre-determining the cost
d)
Designing
6.
To help the factory owner in deciding the manufacturing and selling policies is called as
a)
Costing
b)
Estimation
c)
Manufacturing
d)
Designing
7.
Estimation is done to determine
a)
Design part
b)
Manufacturing and
selling policy
c)
For waste control
d)
Raw material Cost
8.
The Aim of Estimating the cost of an item is
a)
To arrange the labour
b)
To arrange for the money
c)
To determine the total expenditure
d)
To determine raw material cost
9.
Accurate estimate is very essential for
a)
Design
b)
Raw material
c)
Accounting
d)
To sustain the competition in the
market
10.
An accurate estimating is very necessary to compete in the market , whether manufacture of particular article will be
a)
profit
b)
loss
c)
both A & B
d)
Rating
11.
Under-estimating leads to decrease the cost hence company may get
a)
Gain
b)
Profit
c)
Loss
d)
neutral
12.
Over-estimating leads to increase the cost hence tenders may get
a)
cancel
b)
approved
c)
pending
d)
Barred
13.
Able to read and understand drawing and blue print
a)
Accountant
b)
Security
c)
Estimator
d)
Sales man
14.
The estimator must posses one of the following quality
a)
He should have degree in Arts
b)
Should be the owner of industry
c)
Should be able to read and understand drawing and blue print
d)
Should be an account
15.
The sources of errors in estimation are and
a)
Avoidable &
unavoidable
b)
Over estimation &
under estimation
c)
Up & down estimation
d)
Over and under
estimation
16.
Strikes and lockouts
a)
Avoidable
sources of error
b)
Un avoidable
sources of error
c)
Expenses
d)
Permissible error
17.
M/c Break down
a)
Avoidable
sources of error
b)
Un avoidable
sources of error
c)
Expenses
d)
Permissible error
18.
Power failure
a)
Electrician
b)
Avoidable sources of error
c)
Un avoidable sources of error
d)
Permissible error
19.
Drop in efficiency of worker
a)
Personal allowance
b)
Avoidable sources of error
c)
Un avoidable sources of error
d)
Permissible error
20.
Drop in efficiency of machine
a)
Operator sick
b)
Un avoidable sources of error
c)
Avoidable sources of error
d)
Permissible error
21.
Costing is done production
a)
Before
b)
After
c)
During
d)
None
22.
It is to determine the exact cost of an article after manufacturing
a)
Costing
b)
Estimation
c)
Accounting
d)
Purchasing
23.
Preparing detailed drawing according to the requirement of production shop is called as
a)
Drafting time
b)
Design time
c)
Experimental time
d)
Tool time
24.
The person who desigining a particular product is called
a)
Tool Maker
b)
Inspector
c)
welded
d)
Designer
25.
The person who preparing the detail drawing of particular product is called
a)
Tool Maker
b)
Draftman
c)
welded
d)
Designer
26.
The time consumed to attend his personal needs are called as allowance
a)
Machine
b)
Labour
c)
Personal
d)
Overhead
27.
The time counted from when the last element of operation has been completed is calles as
a)
Set up time
b)
Personal Time
c)
Tear down time
d)
Shop allowance
28.
Personal allowance is the time consumed for
a)
Going to toilet
b)
Loading job on M/c
c)
Tool grinding
d)
M/c cleaning
29.
The time required for setting and fixing the job is
a)
Setup time
b)
Tear down time
c)
Regrinding time
d)
Machining Time
30.
Handling time + Machining time is
a)
Total time
b)
Setting time
c)
Operation time
d)
Tear down time
31.
Fatigue allowance comes under
a)
Tear down time
b)
Experimental time
c)
Sick allowance
d)
Miscellaneous
allowance
32.
Personal allowance comes under
a)
Operator
allowance
b)
Regrinding
allowance
c)
Miscellaneous allowance
d)
Tear down allowance
33.
Checking allowance comes under
a)
Inspection allowance
b)
Miscellaneous allowance
c)
Instrument error
d)
Regrinding allowance
34.
Personal allowance is generally
a)
5 – 8%
b)
10 – 12%
c)
12 – 15%
d)
0 – 1%
35.
Fatigue allowance is generally
a)
0.02
b)
0.04
c)
0.05
d)
0.1
36.
Tool changing and grinding allowance
a)
5 – 10%
b)
15 – 20%
c)
2– 25%
d)
Above 40%
37.
Measurement and checking allowance is generally
a)
2 – 5%
b)
2 – 30%
c)
30 – 40%
d)
Above 40%
38.
Reduction in efficiency due to headache cold and other minor illness is
a)
Fatigue allowance
b)
Personal allowance
c)
Over head
d)
Regrinding allowance
39.
Reduction in efficiency due to headache due to tiredness comes under
a)
Personal allowance
b)
Fatigue allowance
c)
Sick allowance
d)
Over head
40.
Time required for sharpening tool is
a)
Knife allowance
b)
Tool changing and regrinding allowance
c)
Fatigue allowance
d)
Over head
41.
Operational time includes handling time and time.
a)
Regrinding
b)
Machining
c)
Design
d)
Drafting line
42.
Material for punch and die
a)
Indirect material
b)
Direct material
c)
Scrap material
d)
Waste Material
43.
Milling machine operator is
a)
Indirect labour
b)
Direct labour
c)
Unskilled labour
d)
Skilled labour
44.
Coolant required for cooling the cutter comes under
a)
Direct material
b)
Indirect material
c)
Prime cost
d)
Waste Material
45.
Direct labour is also called as
a)
Productive labour
b)
Overhead
c)
Non-productive labour
d)
Supervisor
46.
Expenses such as Rent, Insurance comes under
a)
Prime cost
b)
Direct Expenses
c)
Indirect expenses
d)
Factory cost
47.
Wages payable to an operator per hour of labour is termed as
a)
Direct labour
cost
b)
Expenses
c)
Indirect labour cost
d)
Over head
48.
Productive labour is also called as
a)
Direct labour
b)
Indirect labour
c)
Wages
d)
Manager
49.
Supervisor comes under
a)
Direct labour
b)
Effective labour
c)
Indirect labour
d)
Fixed over head
50.
Sales manager comes under
a)
Productive
labour
b)
Direct labour
c)
Effective labour
d)
Indirect labour
51.
EDM operator comes under
a)
Direct labour
b)
Indirect labour
c)
Effective labour
d)
Non-productive
labour
52.
Office accountant comes under
a)
Direct labour
b)
Indirect labour
c)
Effective labour
d)
Productive labour
53.
High-speed steel used to manufacture milling cutters is
a)
Direct material
b)
Indirect material
c)
Prime cost
d)
Waste Material
54.
Prime cost is determined by adding cost
a)
All direct cost
b)
All indirect cost
c)
All overheads
d)
All Material cost
55.
The sum of total cost and profit is called as
a)
Selling Price
b)
Office cost
c)
Direct Cost
d)
Indirect Cost
56.
It is the sum of direct labour, direct material and direct expenses is called as
a)
Prime cost
b)
Preliminary cost
c)
Pre cost
d)
Over head
57.
Selling price of a product manufactured in the factory is determined by the sum of
a)
Fixed cost and
profit
b)
Production cost and
profit
c)
Gross cost and profit
d)
None
58.
If the profit of a factory is added to the total cost of the product it is called
a)
Total cost
b)
Factory cost
c)
Selling price
d)
Selling Cost
59.
Cost of lubricant, oil, cotton waste comes under
a)
Administrative over head
b)
Factory over head
c)
Sales and distribution over head
d)
None
60.
Advertisement expenses comes under
a)
Sales
distribution over head
b)
Office over head
c)
Fixed over head
d)
Factory over head
61.
Indirect material + Indirect labour + Indirect expenses =
a)
Sales cost
b)
Product cost
c)
Over head
d)
Profit
62.
Direct material + Direct labour + Direct expenses =
a)
Prime cost
b)
Preliminary cost
c)
Over head
d)
Product cost
63.
Factory cost = Prime cost +
a)
Factory over
head
b)
Administrative over
head
c)
Sales over head
d)
Fixed over head
64.
Office cost = Factory cost +
a)
Factory over
head
b)
Administrative over
head
c)
Sales over head
d)
Fixed over head
65.
Selling price = Total cost +
a)
Loss
b)
Profit
c)
Over head
d)
Tax
66.
The amount kept aside from the profit for replacing machine is
a)
Capital investment fund
b)
Depreciation fund
c)
Premium fund
d)
Loan
67.
As the machine or asset becomes old, its maintenance cost and repair charges
a)
Gradually
increases
b)
Gradually decreases
c)
Suddenly decreases
d)
Remains same
68.
Any asset loosing its value because of new invention is known as
a)
Capital loss
b)
Depreciation
c)
Obsolescence
d)
Physical decay
69.
Straight line method is to find
a)
Obsolescence
b)
Depreciation
c)
M/c hour rate
d)
Capital loss
70.
M/c hour rate calculation is related to
a)
Energy cost
b)
space cost
c)
interest
d)
All the above
71.
Scrap value is used to find
a)
Material cost
b)
Over head
c)
Profit
d)
Depreciation
72.
Interest on capital is related to
a)
Material cost
b)
Machine hour rate
c)
Labour cost
d)
Energy cost
73.
Replacement value is to find
a)
Depreciation
b)
Prime cost
c)
Material cost
d)
Labour cost
74.
Productive working hour/year
a)
2500
b)
3500
c)
1500
d)
1800
75.
Annuity method is used for finding out
a)
Material cost
b)
Labour cost
c)
Depreciation
d)
Prime cost
76.
The rate of the total overheads to the total productive machine hours
a)
Energy cost
b)
space cost
c)
Machine hour reate
d)
Depreciation
77.
Method of calculating depreciation is
a)
Functional
Depreciation
b)
Physical
Depreciation
c)
Sink fund method
d)
Physical decay
78.
Capital cost is charged to the same amount we get if that capital is deposited in the
bank is
a)
Scrap value
b)
Rate of interest
c)
Capital cost
d)
Space cost
79.
oiling, cleaning, replacement of worn out parts is comes under
a)
Scrap value
b)
Maintenance cost
c)
Machine cost
d)
Material cost
80.
Fast method but only rough estimate can be done is .
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
81.
Systematic method but highly time consuming is .
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
82.
Very very quick method scientific in nature for estimation is
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
83.
In Nttf method , only drawing is enough to estimate the tool.
a)
Detail Drawing
b)
Tool design
c)
Component Drawing
d)
Assembly drawing
84.
In Nttf method , only tool can be estimated.
a)
Jigs
b)
Fixtures
c)
mould
d)
Press tool
85.
In method estimation is directly related to costing
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
86.
Estimator should have thorough knowledge of time estimation in method.
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
87.
Standard estimation sheet is used for
a)
Costing
b)
Estimation
c)
Marketing
d)
Purchasing
88.
In method the estimator need not know the tool design aspect.
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Own Method
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