M.J.C.E.

T
MECHANICAL ENGINEERING DEPARTMENT
nd
2 INTERNAL TEST II SEMESTER-2014-2015
B.E-IV/IV( EEE &EIE)
INDUSTRIAL ADMINISTRATION AND FINANCIAL MANAGEMENT
Time: 1 Hour
Max marks: 20
Note: Answer all questions in Part A and any two questions in Part
B.
PART-A
(6 x 1 = 6 Marks)
1. When is sampling inspection preferred over cent percent inspection. ?
2. Differentiate between PERT and CPM.
3. Mention the salient factors to be considered for preparing capital budget in
any manufacturing industry.

PART-B
(7 x 2 = 14 Marks)
4(a) Explain the Double Sampling Plan by means of a flowchart.
(b) Draw C chart for the following data pertaining to the number of foreign
threads (considered as defects) in 15 pieces of cloth. Plot the values and draw
inferences.
Cloth
1
2
3
4
5
6
7
8
9
10 11 12 13 14 15
piece
No of
7
12
3
20 21
5
4
3
10
8
0
9
6
7
20
defects
What is meant by feasible solution in Linear Programming ?
(b) Processing data availability of resources and profit margin for two
products: A and B are given below:

(i) Create a set of linear equations to describe the objective function and
constraints
(ii) Use graphical method to find the Optimal production solution.
6.(a) Explain the significance of Break- Even Analysis.

5(a)

(b) The direct material cost, the direct labour cost in a manufacturing industry
was Rs. 80,000 and Rs. 20,000 respectively. While the indirect material cost and
the indirect labour cost was Rs. 30,000 and Rs.The10,000 respectively. The
selling Oncost was 10% of prime cost. Calculate the Total Cost of production.
Facult
y:

Mr. Joseph George , M.E.D