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To reduce production cost there should be _____________

To reduce production cost there should be _____________ Correct Answer commonality of parts

Commonality of parts will reduce the production cost. An increase in forgings will increase cost. Forge and labour requirements will increase the cost as well.

Related Questions

"It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
Seven chocolates, A, B, C, D, E, F and G, are bought at different costs between Rs. 40 and Rs. 50 (excluding both Rs. 40 and Rs. 50) but not necessarily in the same order. The cost of chocolate C is Rs. 5 less than that of chocolate E. The cost of chocolate A is a prime number. The cost of chocolate F is Rs. 2 more than that of chocolate A. The cost of chocolate F is more than that of chocolate E. The cost of chocolate D is an odd number. The cost of chocolate G is Rs. 3 more than the cost of chocolate D. None of the chocolates cost Rs. 44. The cost of chocolate B is an even number. What is the cost of chocolate E?
If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?
A small and medium enterprise imports two components A and B from Taiwan and China respectively and assembles them with other components to form a toy. Components A contributes to 10% of production cost while components B contributes to 20% of production cost. Usually the company sells this toy at 20% above the production cost. Due to increase in the raw material and labour cost in both the countries ,component A became 20% costlier and components B became 40% costlier. Owing to these reasons the company increased its selling price by 15%. Considering that cost of other components does not change. What will be the profit percentage if the toy is sold at the new price?
There are five crude oil refining companies in India namely, A, B, C, D, and E. Statements: I. The production of Company B is more than that of Company A but not more than that of Company E. II The production of Company C is more than the production of Company B but NOT as much as that of Company D. III. The production of E is NOT as much as the production of Company D. Which of these statements is/are sufficient to answer the question that the production of which of the following companies is the highest?
An eraser cost Rs. 3. The cost of 20 erasers is equal to the cost of three pens. The cost of one pen is equal to the cost of two pencils and the cost of six pencils is equal to the cost of five markers. What is the cost of one marker?
To produce a component, any of the four processes can be adopted. Process A: Fixed cost = Rs. 20, Variable cost/piece = Rs. 4 Process B: Fixed cost = Rs. 50, Variable cost/piece = Rs. 3 Process C: Fixed cost = Rs. 60, Variable cost/piece = Rs. 2 Process D: Fixed cost = Rs. 70, Variable cost/piece = Rs. 1 Which of the following process is the most economical to produce 100 pieces in a batch?
Seven chocolates A, B, C, D, E, F and G are bought at different costs between Rs. 40 and Rs. 50 (excluding 40 and 50) but not necessarily in the same order. The cost of chocolate C is five less than that of chocolate E. The cost of the chocolate A is a prime number. The cost of chocolate F is two more than that of chocolate A. The cost of chocolate F is more than that of chocolate E. The cost of chocolate D is an odd number. The cost of chocolate G is three more than the cost of chocolate D. None of the chocolates costs Rs. 44. The cost of chocolate B is an even number. Which is the following chocolates is costlier than E?
The cost of packaging of the mangoes is 40% the cost of fresh mangoes themselves. The cost of mangoes increased by 30% but the cost of packaging decreased by 50%, then the percentage change of the cost of packed mangoes, if the cost of packed mangoes is equal to the sum of the cost of fresh mangoes and cost of packaging :
"What is the company's breakeven point:
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."