Process specifications are step-by-step set of instructions describing how the product is made this information is usually recorded an:
A. A route sheet
B. A Routing file
C. Process sheet
D. Both Aand B are the same
As used in material management, bill of material:
A. Describes the components used to make the product
B. Describes the subassemblies at various stages of manufacture.
C. Both of these
D. None of these
Engineering drawings and specifications and bill of material are the methods of:
A. Product Description
B. Process specifications
C. Quantities required
D. None of these
Which one of the following is Not out of five basic inputs to the manufacturing planning and control system?
A. Product Description and process specifications
B. Customized Design
C. Time needed to perform operations
D. Available facilities and quantities required
Inventories are part of planning process and provide buffer against:
A. Demand rates
B. Production rates
C. Differences in demand and production rates
D. None of these
Production activity control activities in manufacturing planning and control may also be called:
A. Shop-floor control
B. Capacity planning
C. Master planning
D. Material Requirement planning
Production planning includes;
A. Forecasting
B. Master planning
C. Material Requirement planning and capacity planning
D. All of these
On the overage a company has 12week of work-in-process (WIP) inventory and annual cost of goods sold of 36$ million. Assuming the company works 50 weeks per year. If the WIP could be reduced to 5week, and the annual cost of inventory value what would be annual savings?
A. $50,000
B. $500,400
C. $504,000
D. None of these
On the overage a company has 12week of work-in-process (WIP) inventory and annual cost of goods sold of 36$ million. Assuming the company works 50 weeks per year. What is the dollar value of the WIP?
A. $4, 32,000
B. $423,000
C. $4, 33,000
D. $4, 22,000
If the cost of direct material is 60%, direct labor is 10%,and overhead is 25%of sales. How much to give the same increase in profit? (Remember overhead cost is constant)
A. 19%
B. 18%
C. 17%
D. 13%
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