17-03-2014, 04:33 PM
ENGINEERING ECONOMICS AND COST ANALYSIS(EECA) MA2451 ANNA UNIVERSITY QUESTION BANK
ENGINEERING ECONOMICS .doc (Size: 32 KB / Downloads: 13)
PART – A (2MARKS)
1. Define Economics?
2. Write any four goals of economy?
3. Explain law of supply and demand?
4. Write about factors in fluency demand?
5. Write about factors in fluency supply?
6. Define Economic efficiency?
7. Define engineering economics?
8. Define marginal cost?
9. Define marginal revenue?
10. Define sunk cost?
11. Define break even analysis?
12. Define P/V ratio?
13. Define processes planning?
PART –B
1. Explain in detail about flow in an economy? (16)
2. Explain the concept of law of supply and demand with suitable example? (16)
3. Briefly explain about element of cost and its classification? (16)
4. Explain the concept of break even analysis with clear diagram? (16)
5. Briefly explain about process planning and its various types? (16)
6. (a) (i)Bring out the scope of engineering economics with appropriate examples (8)
(ii) A concern manufacturing a domestic appliance proposes to put up an improved model in market and the
selling price for the same to be decided .The selling price will cover the overheads and ensure the proportion of
profit on sales as before.The material in the new model will cost Rs 4000 and the direct wages would be Rs
2000.Following figures relate to the previous year:
Stock material on 1st April 2006 Rs 2,00,000 (8)
Stock material on 31 stMarch 2007 Rs 2,20,000
Purchase of raw material in this period Rs 5,20,000
Manufacturing wages Rs 1,60,000
Works overhead Rs 80,000
Administrative and sales overhead Rs 80,000
Sales during the year Rs 9,02,000
Suggest a selling price .Overhead absorption base on % of direct labour.
7. (i) Explain the process of material selection in new product development (8)
(ii) From the following details ,calculate the break even point .What will be the selling price per unit if break
even point to be brought to 900 units:
Variable cost per units Rs 750 (8)
Fixed expenses Rs 27,00,000
Selling price per unit Rs 1,000
UNITII - VALUE ENGINEERING
PART – A (2 MARKS)
1.What are the approaches available for make or buy decision?
2. Define value engineering?
3. Write any four aims of value engineering?
4. Write the basic steps of value engineering?
5. Define time value of money?
6. Define single –payment compound amount method?
7. Define single payment present worth factor?
8. Define equal payment series sinking fund factor method?
9. Define equal payment series present worth factor method?
10. Define equal payment series capital recovery factor method?