Assignment-1 (5 marks) Q1.A company manufactures cell phones and has following data for both the years. In the year 2019 it has sales $37,500 with profit as $4300. Next year in 2020 it has sales $43,200 with profit as 6600. Hence, Calculate P/V ratio, fixed cost, Break Even sales, Sales to earn profit of$ 7400 and finally profit at slaes of $ 62000.------(1 mark) Q2.A worker manufactures 125 jobs in 8 hours and 35 minutes.If this time includes the time for setting his machine. Standard time allowed for the job was: Setting time = 45 min, Allowed time per piece = 12 min. Calculate the operator's efficiency. (1 mark) Q3.Explain the following briefly Computation of Standard Time ( 1 mark) Time study & Method study (1 mark) Q4.A workshop operates on 2 shifts of 8 hours per day. It has 30 machines. It works for 6 days in a week. Machine utilization is 95% and the efficiency of the machines is 95%. Calculate the designed/rated capacity of the workshop in standard hours.( 1mark)