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Objectives of Work Measurement:
1. To determine the standard cost and as an aid preparing bidets.
2. To balance the crew activities of those job requiring several workers.
3. To determine schedule and planning work.
4. To determine the effectiveness of machine.
5. To balance production lines for new models or new products.
6. To make cost estimates of new products.
7. To determine time standards to be used for providing a basis for wage incentive plans.
8. To establish supervisory objectives and providing a basis for measuring supervisory efficiency.
9. To determine time standards to be used for providing a basis for labor cost control.
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The fixed cost and the variable cost of production of product are 200000USD and demand is 500units to break even unit price of first 300 item will be?
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A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300
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