WorksheetsESTIMATION COSTING
Total questions: 128
Worksheet time: 1hrs 4mins
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
89.
Weight of the material =
a)
Volume x Density
b)
Volume / Density
c)
Density / Volume
d)
Volume x Weight
90.
The charges are fixed by estimating the approximate number of hours required for the trials
a)
Inspection charges
b)
Design charges
c)
Trail charges
d)
Assembly charges
91.
In ___________ method estimation is directly not related to costing
a)
Rough method
b)
Cost centre method
c)
Nttf Method
d)
Both A and C
92.
The sheet which is used for estimating gauges,jigs,fixtures,press tools and moulds is ________
a)
Standard costing sheet
b)
Standard estimation sheet
c)
Quotation sheet
d)
Enquiry sheet
93.
The charge is divided by the number of hours required for inspecting the tool completely including the time required for stage inspection
a)
Assembly charges
b)
Trial charges
c)
Inspection charges
d)
Design charges
94.
In ___ method the tool drawing is required.
a)
Rough
b)
NTTF
c)
Cost centre
d)
Both A and B
95.
The word ___ refers to a die that performs only one operation either as an independent die or as one stage In co-operated in a progressive tool.
a)
Press
b)
Basic
c)
Rate
d)
Time
96.
The ___ are given for big tools, high precision tools and other extras.
a)
Fatigue allowance
b)
Personal allowance
c)
Extra allowance
d)
Miscellaneous allowance
97.
The time data for basic dies are given for a tool size up to ___ working surface.
a)
250mm
b)
300mm
c)
350mm
d)
200mm
98.
The sum of various basic dies in a progressive tool may be called
a)
Basic die
b)
Basic tool
c)
Progressive tool
d)
Precision tools
99.
Punch and die will be made of ___ steel.
a)
MS
b)
Plastic
c)
HcHCr
d)
OHNS
100.
Typical Allowance for a basic Die is _____________
a)
Sheet thickness very thin
b)
Handling of heavy die set
c)
Spring loaded pressure pad
d)
Profiles ground or sparked die openings
101.
Typical Allowance for a basic Tool is _____________
a)
Profiles ground or sparked die openings
b)
Very small die apertures
c)
Sheet thickness very thin
d)
Split die
102.
The tool cost = ________________
a)
time (h) x rate (Rs/h)
b)
time / Rate
c)
Rate / Time
d)
time + Rate
103.
Tool room may assign an average value for the machining and manual operation is ____________ method
a)
Trail method
b)
Standard method
c)
Average value method
d)
Detail method
104.
Estimation of the cost of injection mould, compression mould, transfer mould or die casting dies can be done in the
a)
Standard quotation sheet
b)
standard Tender form
c)
Standard Costing sheet
d)
“standard Estimation sheet”.
105.
Dimension for raw material is given based on the ___________
a)
Experience
b)
Calculation
c)
Standards
d)
Operator
106.
If manufacturing cost is Rs 24,800 , Determine the Design cost ? Assume design cost = 10% of manufacturing cost .
a)
2480
b)
2400
c)
2840
d)
2408
107.
If manufacturing cost is Rs 24,800 , Determine the polishing charge ? Assume polishing cost = 3% of manufacturing cost .
a)
687
b)
841
c)
744
d)
900
108.
If manufacturing cost is Rs 24,800 , Determine the trial charge ? Assume trail cost = 5% of manufacturing cost .
a)
1200
b)
1000
c)
2400
d)
1240
109.
The time consumed in designing the particular jig & fixture is considered as ___________ charge
a)
Inspection charge
b)
Assembly charge
c)
design charge
d)
Overall charge
110.
The time consumed for inspecting the particular jig & fixture is considered as ___________ charge
a)
Inspection charge
b)
Assembly charge
c)
design charge
d)
Overall charge
111.
The time consumed for assembling the particular jig & fixture is considered as ___________ charge
a)
Inspection charge
b)
Assembly charge
c)
design charge
d)
Overall charge
112.
The substance from which the product is made is called
a)
Mould
b)
Raw material
c)
Component
d)
Press tool
113.
Raw material cost is a point considered in finding ___
a)
Component cost
b)
Amortisation cost
c)
Shearing cost
d)
Tool maintenance cost
114.
Landed cost =
a)
Market price + Taxes + Transport + Inventory
b)
Market price + Transport +Inventory – Taxes
c)
Market price + Taxes + Inventory – Transport
d)
Market price + Transport – Inventory – Taxes
115.
Labour cost =
a)
Shift rate / no. of components produced per hour
b)
Shift rate / no. of components produced per shift
c)
Shift rate / no. of components produced per week
d)
Shift rate / no. of components produced
116.
Cost of the tool spread over no. of components is called
a)
Cleaning cost
b)
Shearing cost
c)
Amortisation cost
d)
Surface finishing cost
117.
Density of steel
a)
8.7gm/cc
b)
9.2gm/cc
c)
7.8gm/cc
d)
5.4gm/cc
118.
Which charges are charged for plating the components to protect the surface.
a)
Shearing cost
b)
Blanking cost
c)
Cleaning cost
d)
Surface finishing cost
119.
Which cost is difficult to charge over each component, specially if the components are very small
a)
Shearing cost
b)
Cleaning cost
c)
Amortisation cost
d)
Assembly cost
120.
If the cycle time of a 2-cavity inj. Mould is 20 sec. How many components will be produced in 1 hour?
a)
500 components
b)
480 components
c)
360 components
d)
290 components
121.
Time between the outputs of two consecutive units of production is called
a)
a) Shift
b)
Cycle time
c)
Moulding time
d)
Over travel
122.
The cost which is incurred on shearing the sheet metal into strips
a)
Cleaning cost
b)
Shearing cost
c)
Inspection cost
d)
Surface finishing cost
123.
Calculate the no. of components produced in a shift of 8hrs, if a press runs at 60 strokes/min and utilizes its 40%
a)
11000 components
b)
11520 components
c)
11111 components
d)
12000 components
124.
If the shot weight is 105g and each component weighs 25g. How many cavities does the mould loaded have
a)
5 cavity
b)
4 cavity
c)
7 cavity
d)
10 cavity
125.
4 lakhs of components are produced in 2 yrs. Find the amortisation cost for a period of 1 yr if the mould cost is Rs20000
a)
10 paisa
b)
1 paisa
c)
1 rupee
d)
5 paisa
126.
Find the labour cost, if the cycle time of a 2-cavity mould is 25sec and the shift rate is Rs100
a)
40 paisa
b)
4 paisa
c)
0.04 paisa
d)
0.004 paisa
127.
The basic tool total hours is 150hrs and the tool cost/hr is Rs175. Find the basic tool cost
a)
Rs26250
b)
Rs262.5
c)
Rs.26.2
d)
Rs2620.5
128.
Surface finishing cost can be charged either on area basis or on ___ basis.
a)
Time
b)
Weight
c)
Rate
d)
Shift
100 %
