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2003 Course Industrial Management & Process Economics

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Total No. of Questions : 12] [Total No. of Pages : 5 [3664] - 303 P 1320 B.E. (Polymer) INDUSTRIAL MANAGEMENT AND PROCESS ECONOMICS (IMPE) (2003 Course) (409370) Time : 3 Hours] [Max. Marks : 100 Instructions to the candidates: 1) In Sec.I attempt Q.1 or Q.2, Q.3 or Q.4, Q.5 or Q.6. In Sec.II attempt Q.7 or Q.8, Q.9 or Q.10, Q.11 or Q.12. 2) Answers to the two sections should be written in separate books. 3) Neat diagrams must be drawn wherever necessary. 4) Figures to the right indicate full marks. 5) Use of electronic pocket calculator is allowed. 6) Assume suitable data, if necessary. SECTION - I Q1) a) b) What is the structure of manufacturing organization? Explain its need.[8] The following information is obtained from the accounts of Leela Private Limited company Rs. Direct material cost 10,000 Direct wages 6,000 Direct Expenses 200 Factory overheads 3,000 Administration overheads 1,000 Selling and distribution overheads 1,800 Sales 25,000 Prepare a statement of cost and profit under absorption method showing prime cost, works cost, cost of production, total cost and profits. [9] OR Q2) a) Explain i) Direct and Indirect cost. ii) Marginal costing. [9] P.T.O.

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