1 The time for which a worker is available for production but his time is not utilised due to shortage of tooling, materials, operators, etc. is known as d out of a. Idle time b. Operation time c. Down time O d. Set-up time nd The additional cost of producing an additional unit of product is known as_ a. Nominal cost O b. Total cost Oo. Marginal cost out of O d. Fixed cost 3 d Under which type of purchasing method, small industrial units may join to pool their requirements and then place bulk orders with dealers a. Group Purchasing of small items b. Scheduled Purchasing c. Co-operative Purchasing out of d. Contract Purchasing on 4 + rod Which one out of the following is not a material pricing method? O a. EOQ O b. FIFO out of O c, LIFO on d. Weighted Average 5 out of Which type of overhead is the aggregate of all indirect expenses incurred for work in operation or factory? a. Administration overhead b. Selling overhead c. Distribution overhead O d. Production overhead 6 Information related to Department A is given: machine hours 17,000, Overhead is OMR 46,500. Calculate overhead rate based on machine hour ad out of a 0.369 O b. 2.735 1 O c. 1.756 d. None on 7 ed In a firm, there were 750 employees on 1st April. During the month, 120 employees were left and 250 employees were appointed. How many employees will be on the firm's payroll as on 30th April? O a. 1,000 O b. 550 out of an c. 880 d. 630 tion 8 ered ad out of A material loss during production or storage due to evaporation or shrinkage is called a. Scrap O b. None c. Spoilage zion d. Waste