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Business Student Assignments

The document contains assignments on production management concepts including: 1. Defining incremental cost and explaining product design and development with examples. 2. Illustrating the relationship between elements of cost and components of cost using a block diagram and examples. 3. Calculating break even units, units required to earn a profit of Rs. 12,000, and profit from 25,000 units for a factory producing one item at Rs. 12.50 per unit with fixed and variable costs. 4. Forecasting demand using time series analysis, linear regression, seasonal indices, and exponential smoothing.

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66 views2 pages

Business Student Assignments

The document contains assignments on production management concepts including: 1. Defining incremental cost and explaining product design and development with examples. 2. Illustrating the relationship between elements of cost and components of cost using a block diagram and examples. 3. Calculating break even units, units required to earn a profit of Rs. 12,000, and profit from 25,000 units for a factory producing one item at Rs. 12.50 per unit with fixed and variable costs. 4. Forecasting demand using time series analysis, linear regression, seasonal indices, and exponential smoothing.

Uploaded by

rrathore
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© © All Rights Reserved
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PRODUCTION MANAGEMENT

6th ‘B’
ASSIGNMENT -1
UNIT-1
1. What is "Incremental Cost'?
2. Explain the various aspects of product design and development giving suitable
examples.
3. Explain with block diagram the relationship between elements of cost and
components of cost giving suitable examples.
4. A factory, producing only one item, which it sells for Rs. 12.50 per unit, has a fixed
cost equal to Rs. 60,000 and variable cost Rs. 7.50 per unit. Find out –
(i) the number of units to be produced to break even;
(ii) no. of units to be produced to earn a profit of Rs. 12,000;
(iii) The profit, if 25000 units arc produced and sold.

UNIT-2

1. What are the components of Time-Series Analysis?


2. A survey revealed that demand for coolers in towns has given the following data :
Population in town (in 105) X = 5 7 8 11 14
4
No. of coolers demanded Y = 65 55 75 95
5
Fit a linear regression o f Y on X and estimate the demand for coolers for a town
whose population is 20 x 106.
3. The data given below shows the sales data for a commodity during four quarters of
the year from 2010 to 2014. Calculate seasonal index
Quarterly sales in Rs. x 1000
II
Yea I III IV
quarte
r quarter quarter quarter
r
2010 35 39 34 36

2011 35 42 37 40

2012 35 39 37 42

2013 40 46 38 45

2014 41 44 42 45
4. Forecast the demand for the following series by Exponential Smoothing Method
[α = 0.3] :

Period 1 2 3 4 5 6 7 8 9 10
Actual 10 1 8 1 9 1 1 14 1 15
demand 2 1 0 5 6

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