I—13(OPM) Revised Syllabus |
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Time Allowed : 3 Hours | Full Marks : 100 | ||
Answer Question No. 1 & Question No. 7 which are compulsory and any two other questions from Section-1 & any two other questions from Section-II | |||
Please answer all bits of a question at one place. Please Value Tables will be supplied on request. | |||
SECTION I | |||
Marks |
1. | (a) | Expand the following acronyms:
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(b) | Match each item in the Left Hand Column with an appropriate item in the Right Hand Column. | 1x5 | |||||||||||||||||||||||||||||||||||||||||
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(c) | Mention whether the following statements are True or False. | 1x5 | |||||||||||||||||||||||||||||||||||||||||
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. | (d) | Distinguish between:
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2+2+1 | ||||||||||||||||||||||||||||||||||||||||
2. | The existing layout of a Finished Goods Stores in a manufacturing organization is given below: | 15 | |||||||||||||||||||||||||||||||||||||||||
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The other areas (2 to 8 and 10 to 16) are storage areas for different products.
Material flows between Area 9 and the other 15 sections/areas. |
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Loads are moved to Area 1 only from Area 9. All other loads flow from remaining areas/sections into Area 9. | |||||||||||||||||||||||||||||||||||||||||||
For simplicity, we consider only loads moved to Packing Area 9 from all areas, except the Receiving, Despatch Area 1. | |||||||||||||||||||||||||||||||||||||||||||
The location of Receiving/Despatch Area 1 is fixed and cannot be relocated. All othter areas can be considered for relocation.
Average annual loads from each area/section to Area 9 are as follows: |
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From Area 9 to Area 1, average annual loads are 2800.
Amve at an improved layout using the "Load-Distance Matrix". |
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3. | (a) | Explain the Point Rating System of Job Evaluation with the help of an attribute-degree table. | 9 | ||||||||||||||||||||||||||||||||||||||||
(b) | A factory has three departments x, y and z to manufacture tow products A and B. Department 'x' can produce parts for 7000 Units of A or parts for 12000 units of B per week, but cannot do both at the same time, through parts for some A and some B can produced. Similarly, department 'y' can produce 9000 parts for A or 5000 parts for B or combinations in between. | 6 | |||||||||||||||||||||||||||||||||||||||||
Final assembly is undertaken in department 'z' with separate assembly lines for A and B with maximum capacities of 6000 and 4000 units respectively. Both lines can be operated at the same time. What is the optimal product mix? |
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( 2 )
F-13(OPM) Revised syllabus |
Marks |
4. | (a) | Draw the typical job description of a 'Loader' in the despatch section of a manufacturing organization. | 9 | ||||||||||||||||||||
(b) | A manufacturing organization operates an incentive scheme on slab rates based on cost of production as shown below: | 6 | |||||||||||||||||||||
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Three workers X, Y and Z take 25 hours, 30 hours and 15 hours respectively to produce 10 units of the product and their respective wage rates are Rs. 6.50/- and Rs.7/- per hour. The material costs Rs. 50/- per unit and the overhead recovery rate is @ 500% of cost of wages. the standard cost of production per unit is determined as Rs. 175/- per unit.
What is the amount of incentive earned by each of these workers and what is the actual cost of production per unit in each case? |
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5. | (a) | Describe the advantages and disadvantages of a Materials Requirements Planning (MRP) system. | 7 | ||||||||||||||||||||
(b) | The following tasks are to be performed on an assembly line in the sequence and times specified: | ||||||||||||||||||||||
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6. | Write short notes on the following:
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3x5 | |||||||||||||||||||||
SECTION II | |||||||||||||||||||||||
7. | (a) | Match the following: | 1x5 | ||||||||||||||||||||
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(b) | Expand the following acronyms:
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1x5 | |||||||||||||||||||||
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(d) | Explain in one line
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1x5 | |||||||||||||||||||||
8. | Calculate the Total Float (TF), Free Float (FF) and independent Float (IF) of each of the activities in the network given below: | 15 | |||||||||||||||||||||
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( 3 )
F-13(OPM) Revised syllabus |
Marks |
9. | (a) | Bring out the benefits of a network based planning and monitoring system for project. | 6 | ||||||||||||||||||||
(b) | The data concerning a site development project at the end of the 10th week of Implementation is given below: | 9 | |||||||||||||||||||||
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The Project is scheduled to be completed at the end of the 20th week. Calculate the costs forecast at completion, assuming that the remaining work shall progress at: | |||||||||||||||||||||||
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10 | (a) | The Cost Accountant plays a multi-dimensional role in Project Management. He reports to the project Manager and mainly plays the role of a Cost Controller. Before one can sit down to control the costs, one has to have a good estimate of the costs of the project, which is a crucial function. This calls for an understanding and the type & nature of costs incurred in the project. The Project scope and complexity often call for tapping the fight source of information for gathering the cost data.
The Cost Accountant is mainly responsible for the following activities. |
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(b) | Lucky Computer Stores is making a business plan for the next five years. Sales growth over the past 2 years has been good. Sales would grow substantially if a major electronics firm is established in the vicinity as proposed by an investor. | 9 | |||||||||||||||||||||
Lucky Computers see 3 options:-
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The decision to expand or move would take little time and therefore, the stores would not lose revenue. If nothing were done in the first year and strong growth occured, then the decision to expand would be reconsidered. Waiting longer than one year would allow competition to move in, making expansion no longer feasible.
The assumptions and conditions are: |
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( 4 )
F-13(OPM) Revised syllabus |
Marks |
11. | (a) | Explain Venture Capital Funding of Projects. | 6 | ||||||||||||||||||||
(b) | The Balance Sheet of Sagar Ltd. As on 31st March 2004 is as follows: | 9 | |||||||||||||||||||||
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The Projected Income Statement and distribution of earnings for the year 2004-05 are given below: | |||||||||||||||||||||||
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During the year 2004-05, the firm plans to raise secured loans of Rs. 10 Lakhs, repay a previous secured term loan to the extent of Rs. 5 Lakhs, acquire fixed assets worth Rs. 15 and to raise its inventories by Rs. 5 Lakhs. | |||||||||||||||||||||||
During the year, Current Liabilities and Receivables are expected to increase by 5% each. Prepare the Projected Cash flow Statement for 2004-05 and the Projected Balance Sheet as on 31st March 2005. | |||||||||||||||||||||||
12. | Write short notes on any four of the following:
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3x5 | |||||||||||||||||||||
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