This Paper has 49 answerable questions with 0 answered.
F–13(OPM)
Revised Syllabus |
| Time Allowed : 3 Hours | Full Marks : 100 |
The figures in the margin on the right side indicate full marks
Answer Question No. 1 & Question No. 6, which are compulsory and any two other
questions from Section I and any two other from Section II.
Please answer all the bits of a question at one place. |
| Section I |
| Marks |
| 1. | (a) | Match the following (i)
(ii)
(iii)
(iv)
(v) | Craft
Utility
MTM
Min. Production
Value Analysis | (A)
(B)
(C)
(D)
(E) | Cost Control
Work Measurement
Plant Layout
Break Even Point
Power |
| 1x5=5 | (0) |
| | (b) | Just name the material handling equipment that you would choose for handling. | 1x5=5 | |
| | | (i) | Molten metal for pouring into moulds in a steel melting shop; | | (0) |
| | | (ii) | Wooden crates packed with automatic spares; | | (0) |
| | | (iii) | Cement for loading in bags in a cement plant; | | (0) |
| | | (iv) | Coal in a thermal plant; | | (0) |
| | | (v) | Moving loads down. | | (0) |
| | (c) | What types of manufacturing processes are employed for the manufacture of: | 1x5=5 | |
| | | (i) | Porous metal filters; | | (0) |
| | | (ii) | Hollow shaped castings; | | (0) |
| | | (iii) | Mild steel plates; | | (0) |
| | | (iv) | Hook attached to a chain for lifting load; | | (0) |
| | | (v) | Steel wire. | | (0) |
| | (d) | Name the general purpose machine tools which would produce the following: | 1x5=5 | |
| | | (i) | Portion of a shaft to be supported in a bearing sleeve; | | (0) |
| | | (ii) | A flat surface on a large foundation block; | | (0) |
| | | (iii) | A flat face at the end of a shaft; | | (0) |
| | | (iv) | Teeth on a gear wheel; | | (0) |
| | | (v) | A "U–shaped groove" on a Shaft. | | (0) |
| 2. | (a) | Discuss the four important stages involved in the development of a new product in a manufacturing industry. | 5 | (0) |
| | (b) | Swastika Limited manufactures four automobile components. A, B, C and D. The basic cost information regarding the companies is as follows | A | B | C | D | (i)
(ii)
(iii) | Production volume (Nos.) per annum
Direct fixed costs per annum (Rs.)
Variable costs per unit:
Direct material (Rs.)
Direct labour (Rs.)
Production overheads (Rs.) | 2,500
2,500
6
7
3 | 5,000
12,500
5
8
4 | 10,000
15,000
3
5
2 | 7,500
20,000
5
7
3 |
A subcontractor offered to supply the four components A, B, C and D @ Rs. 14, Rs. 21, Rs. 13 and Rs. 17 per unit respectively.
Should Swastika make or buy these components? | 10 | (0) |
| 3. | (a) | What are the objectives of using control charts for variables? | 4 | (0) |
| | (b) | 20 Samples were obtained from the fabric being produced by a weaving machine. The number of defects per 100 metres of cloth for the samples is given below: 15
12 | 13
13 | 14
13 | 12
12 | 17
15 | 14
14 | 13
14 | 16
17 | 16
16 | 15
15 |
Determine the Control Chart limits for the machine. On a particular day, when the machine is operating under controlled conditions, samples were drawn and the defects per 100 metres of cloth are as follows: | 11 | 18 | 27 | 12 | 13 | 8 | 2 | 15 | 19 | 20 |
What conclusions would you draw from these observations? | 4+7=11 | (0) |
| 4. | (a) | What is value analysis? Explain the main phases of activities in value analysis. What are the result accelerators which would help identify avoidable costs and facilitate to evolve value alternatives? | 8 | (0) |
| | (b) | An automobile component gets processed on a number of machines for which the standard times and the machine utilization factors are given below. Find the capacity in the set–up per day, considering two 8–hour shifts per day and the average efficiency of the workmen being (i) 100% and (ii) 80%: | Machine | Standard Time in Minutes | M/c. Utilisation Factor | (i)
(ii)
(iii)
(iv)
(v) | Sawing
Facing and centering
Lathe
Milling
Drilling | 3.00
2.50
4.00
5.00
6.00 | 0.80
0.80
0.75
0.80
0.90 |
| 7 | (0) |
| 5. | Write short notes on the following. | 3x5=15 | |
| | (a) | Cost of quality; | | (0) |
| | (b) | Learning curve; | | (0) |
| | (c) | Maintaining discipline; | | (0) |
| | (d) | SWOT analysis; | | (0) |
| | (e) | Case hardening. | | (0) |
| 6. | (a) | Expand the following acronyms: | 1x5=5 | |
| | | (i) | IDC, | | (0) |
| | | (ii) | ERP, | | (0) |
| | | (iii) | VFM, | | (0) |
| | | (iv) | ECB, | | (0) |
| | | (v) | PLC | | (0) |
| | (b) | Match each item in the left hand column with an appropriate item in the right hand column: (i)
(ii)
(iii)
(iv)
(v) | Feasibility Report
Resource Levelling
Project Authority
Short–term financing for Working Capital
Dummy Activity | (A)
(B)
(C)
(D)
(E) | Logical Correction
Lincar Responsibility Chart
Commercial Paper
Cost Benefit Analysis
Burgess Principle |
| 1x5=5 | (0) |
| | (c) | Indicate whether the following statements are True/False: | 1x5=5 | |
| | | (i) | Dummy activities are used in network analysis. | | (0) |
| | | (ii) | In a two–bid quotation, the price–bid is opened first. | | (0) |
| | | (iii) | In the critical path, the late finish of an activity is the earliest late start of all proceding activity. | | (0) |
| | | (iv) | Technology has been one of the main drivers of globalization of business. | | (0) |
| | | (v) | IRR is an discount rate at which the present value of future cash inflows in equal to the value of the project/investment outflow of the project/investment. | | (0) |
| | (d) | Define the following in not more than one/two sentences: | 1x5=5 | |
| | | (i) | Free float; | | (0) |
| | | (ii) | Facilities layout; | | (0) |
| | | (iii) | Gestation period in a project; | | (0) |
| | | (iv) | Effectiveness in an organization; | | (0) |
| | | (v) | Payback period. | | (0) |
| 7. | (a) | A manufacturer is considering four locations for establishing a new project. The location specific costs are as follows: | (Costs is Rupees) | | I | II | III | IV | (i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii) | Plant and Machinery
Taxes per year
Electricity per year
Water per year
Labour per unit
Materials & equipment per unit
Transportation per unit | 60,00,000
30,000
35,000
8,000
1.00
0.50
0.05 | 50,00,000
28,000
30,000
7,000
1.50
0.60
0.10 | 55,00,000
65,000
28,000
7,000
1.10
0.40
0.10 | 50,00,000
45,000
25,000
6,000
1.75
0.55
0.05 |
If the cost of capital is 10%, determine the most suitable location for volumes of 50,000 units, 1 lakh units and 1.5 lakh units. | 10 | (0) |
| | (b) | List the contents of a good tender document. | 5 | (0) |
| 8. | KMC Company is considering setting up of a computer coaching center at a total outlay of Rs. 18 lakhs. The operational and maintenance costs (excluding depreciation) are expected to be Rs. 3 lakhs per annum. The useful life of the equipment is 10 years with negligible salvage value. The rate of depreciation is 30% (WDV). The center will generate an income of Rs. 6 lakhs p.a. by way of tuition fee and Rs. 1 lakh on job work. The tax rate for the firm is 40%.
Calculate the Net Present Value, Internal Rate of Return and Benefit cost Ratio, taking the cost of capital as 12%. | 15 | (0) |
| 9. | The Balance Sheet of M/s. Modern Agro Enterprises on 31st March 2004, is given below: | (Rs. in lakhs) | | Liabilities | | Assets | Share Capital
Reserves & Surplus
Secured Loans
Unsecured Loans
Current Liabilities
Provisions | 100
20
80
50
90
20
360 | Fixed Assets
Investments
Current Assets
— Cash
— Receivables
— Inventories |
20
80
80 | 180
—
180
360 |
The projected income statement and the distribution of earnings for the year 200–05 are as follows: | (In Rs. lakhs) | Sales
Cost of goods sold
Depreciation
Earnings before interest & tax (EBIT)
Interest
Profit before tax (PBT)
Tax @ 50%
Profit after tax (PAT)
Dividends
Retained earnings | 400
300
20
80
20
60
30
30
10
20 |
An additional outlay of Rs. 30 lakhs is planned for fixed assets in the year 2004–05, which is proposed to be financed by Rs. 20 lakhs of secured and Rs. 10 lakhs of unsecured loans. Further, secured loans of Rs. 5 lakhs are also proposed to be discharged. The operations in 2004–05 are expected to increase the stocks by Rs. 10 lakhs and the credit sales by Rs. 15 lakhs.
Based on the information given above, you are required to prepare the projected balances in Liabilities and Assets Accounts as on 31st March, 2005. | 15 | (0) |
| 10. | (a) | AGNI Missile Launch Project is having the following activities and expected time duration. | Activity | Duration (Months) | Preceding Activity | A
B
C
D
E
F
G
H
I | 2.5
2.5
1.5
1.0
1.0
2.0
3.0
1.5
1.5 | —
A
A
B
B
C, D
C, D
E, F
G |
| (i) | Draw the network diagram, |
| (ii) | Identify the critical path and project duration. |
| (iii) | Compute the total float for all the non–critical activities. |
| 1+2+4 | (0) |
| | (b) | The following data pertains to a project: | Activity | Normal Time
(days) | Crash Time
(days) | Crash Cost
(Rs.) | Normal Cost
(Rs.) | 1 – 2
1 – 3
2 – 3
2 – 4
3 – 4 | 4
8
6
9
5 | 3
5
4
7
3 | 2,800
1,600
600
1,800
2,000 | 2,100
1,000
400
1,400
1,200 |
| (i) | What is the normal cost and duration of the project? |
| (ii) | Crash the project till it cannot be crashed further and compute the extra cost that which would be involved with each crashing. |
| 2+6 | (0) |
