Question Tag: Production

Search 500 + past questions and counting.

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

Question

Nigerian National Petroleum Corporation (NNPC) is a major regulatory body in Nigeria’s Oil and Gas sector, executing various functions through its subsidiaries.

Requirements:

a) State any FIVE activities of the Nigerian Petroleum Development Company (NPDC), a subsidiary of NNPC. (5 Marks)

b) State the importance of an Oil Mining Lease and an Oil Prospecting Lease. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exploration, NPDC, Oil and gas, Oil Mining Lease, Oil Prospecting Lease, Production
Level: Level 3

Topic: Taxation of Specialized Businesses

QTB – Nov 2014 – L1 – SA – Q15 – Mathematics of Business Finance

Determines the smallest number of units to produce for break-even.

Question

Assume that the standard selling price of a medium-size detergent produced by BICU Nigeria Limited is N250 per unit. If the total fixed cost is N85,000 and the cost of producing each unit is N130, what is the smallest number of units which the company should produce in order to break even?
A. 709
B. 708
C. 707
D. 706
E. 700

Answer

Find Related Questions by Tags, levels, etc.

Tags: Break-Even Point, Cost Analysis, Production
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2014

MI – Nov 2014 – L1 – SA – Q7 – Costing Methods-

Identify a characteristic of the push production system.

Question

Which of the following is a characteristic of the Push Production System?

A. Elimination of non-value-adding activities
B. Emphasis on perfect quality
C. Short set-ups
D. Production is in anticipation of customer order
E. Reduction of cost of carrying inventory

Answer

Find Related Questions by Tags, levels, etc.

Tags: Customer Orders, Inventory, Production, Push Production System
Level: Level 1

Topic: Costing Methods
Series: NOV 2014

MI – Nov 2023 – L1 – SA – Q6 – Decision-Making Techniques

Identifying a limiting factor in the production process.

Question

Which of the following may be a limiting factor in production?
A. Labour rate
B. Machine maintenance schedule
C. Materials
D. Technology change
E. Warehouse location

Answer

Find Related Questions by Tags, levels, etc.

Tags: Limiting factors, Production, Resource Constraints
Level: Level 1

Topic: Decision-making techniques
Series: NOV 2023

QT – Nov 2016 – L1 – Q6b – Elements of Calculus

Calculate the number of tons of low and high-grade steel to produce to maximize total revenue and determine the maximum total revenue.

Question

Tema Steel Plant is capable of producing tons per day of low-grade steel and tons per day of high-grade steel, where:

If the fixed market price of low-grade steel is GH¢6.90 and the fixed market price of high-grade steel is GH¢13.80:

i) Determine the number of tons of low-grade steel and high-grade steel to be produced to maximize total revenue. (10 marks)

ii) Determine the maximum total revenue. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Calculus, Production, Revenue Maximization, Steel Plant
Level: Level 1

Topic: Elements of Calculus
Series: NOV 2016

QT – Nov 2015 – L1 – Q7b – Elements of Calculus

Determine the number of TV sets a manufacturer should produce to maximize profit and calculate the maximum profit.

Question

A TV manufacturer finds that he can sell $x$ units per week at a price $p = 250 - 0.5 x$ each. His cost of production of $x$ TV sets per week is given by $C = 240 + 2 x$ .

Required:
(i) Determine how many sets per week he should produce to maximize his profit. (5 Marks)
(ii) Determine the maximum profit. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Marginal Cost, Marginal Revenue, Production, Profit Maximization, TV Sets
Level: Level 1

Topic: Elements of Calculus
Series: NOV 2015

BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

Question

Quality Management is a prerequisite for every industrial concern. Producing high-quality products as opposed to poor-quality products is a preferred option when it comes to determining demand for goods and services. However, some argue that producing higher-quality output increases costs, as more expensive resources are likely to be required to achieve a higher standard. Others argue that poor-quality output will lead to customer dissatisfaction, which generates costs associated with complaint resolution and loss of revenue as customers move to competitors.

Required:
In reference to the FOUR (4) types of quality cost, explain the costs associated with producing quality products. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Management, Operations Strategy, Production, Quality Management
Level: Level 1

Topic: Operations strategy
Series: MAY 2019

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

Question

Nigerian National Petroleum Corporation (NNPC) is a major regulatory body in Nigeria’s Oil and Gas sector, executing various functions through its subsidiaries.

Requirements:

a) State any FIVE activities of the Nigerian Petroleum Development Company (NPDC), a subsidiary of NNPC. (5 Marks)

b) State the importance of an Oil Mining Lease and an Oil Prospecting Lease. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exploration, NPDC, Oil and gas, Oil Mining Lease, Oil Prospecting Lease, Production
Level: Level 3

Topic: Taxation of Specialized Businesses

QTB – Nov 2014 – L1 – SA – Q15 – Mathematics of Business Finance

Determines the smallest number of units to produce for break-even.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Break-Even Point, Cost Analysis, Production
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2014

MI – Nov 2014 – L1 – SA – Q7 – Costing Methods-

Identify a characteristic of the push production system.

Question

Which of the following is a characteristic of the Push Production System?

A. Elimination of non-value-adding activities
B. Emphasis on perfect quality
C. Short set-ups
D. Production is in anticipation of customer order
E. Reduction of cost of carrying inventory

Answer

Find Related Questions by Tags, levels, etc.

Tags: Customer Orders, Inventory, Production, Push Production System
Level: Level 1

Topic: Costing Methods
Series: NOV 2014

MI – Nov 2023 – L1 – SA – Q6 – Decision-Making Techniques

Identifying a limiting factor in the production process.

Question

Which of the following may be a limiting factor in production?
A. Labour rate
B. Machine maintenance schedule
C. Materials
D. Technology change
E. Warehouse location

Answer

Find Related Questions by Tags, levels, etc.

Tags: Limiting factors, Production, Resource Constraints
Level: Level 1

Topic: Decision-making techniques
Series: NOV 2023

QT – Nov 2016 – L1 – Q6b – Elements of Calculus

Calculate the number of tons of low and high-grade steel to produce to maximize total revenue and determine the maximum total revenue.

Question

Tema Steel Plant is capable of producing tons per day of low-grade steel and tons per day of high-grade steel, where:

If the fixed market price of low-grade steel is GH¢6.90 and the fixed market price of high-grade steel is GH¢13.80:

i) Determine the number of tons of low-grade steel and high-grade steel to be produced to maximize total revenue. (10 marks)

ii) Determine the maximum total revenue. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Calculus, Production, Revenue Maximization, Steel Plant
Level: Level 1

Topic: Elements of Calculus
Series: NOV 2016

QT – Nov 2015 – L1 – Q7b – Elements of Calculus

Determine the number of TV sets a manufacturer should produce to maximize profit and calculate the maximum profit.

Question

A TV manufacturer finds that he can sell $x$ units per week at a price $p = 250 - 0.5 x$ each. His cost of production of $x$ TV sets per week is given by $C = 240 + 2 x$ .

Required:
(i) Determine how many sets per week he should produce to maximize his profit. (5 Marks)
(ii) Determine the maximum profit. (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Marginal Cost, Marginal Revenue, Production, Profit Maximization, TV Sets
Level: Level 1

Topic: Elements of Calculus
Series: NOV 2015

BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

Question

Required:
In reference to the FOUR (4) types of quality cost, explain the costs associated with producing quality products. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Management, Operations Strategy, Production, Quality Management
Level: Level 1

Topic: Operations strategy
Series: MAY 2019

Question Tag: Production

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

QTB – Nov 2014 – L1 – SA – Q15 – Mathematics of Business Finance

Determines the smallest number of units to produce for break-even.

MI – Nov 2014 – L1 – SA – Q7 – Costing Methods-

Identify a characteristic of the push production system.

MI – Nov 2023 – L1 – SA – Q6 – Decision-Making Techniques

Identifying a limiting factor in the production process.

QT – Nov 2016 – L1 – Q6b – Elements of Calculus

Calculate the number of tons of low and high-grade steel to produce to maximize total revenue and determine the maximum total revenue.

QT – Nov 2015 – L1 – Q7b – Elements of Calculus

Determine the number of TV sets a manufacturer should produce to maximize profit and calculate the maximum profit.

BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

ATAX – Nov 2016 – L3 – Q2a&b – Taxation of Specialized Businesses

Outlines the activities of NPDC and the importance of Oil Mining and Prospecting Leases in Nigeria.

QTB – Nov 2014 – L1 – SA – Q15 – Mathematics of Business Finance

Determines the smallest number of units to produce for break-even.

MI – Nov 2014 – L1 – SA – Q7 – Costing Methods-

Identify a characteristic of the push production system.

MI – Nov 2023 – L1 – SA – Q6 – Decision-Making Techniques

Identifying a limiting factor in the production process.

QT – Nov 2016 – L1 – Q6b – Elements of Calculus

Calculate the number of tons of low and high-grade steel to produce to maximize total revenue and determine the maximum total revenue.

QT – Nov 2015 – L1 – Q7b – Elements of Calculus

Determine the number of TV sets a manufacturer should produce to maximize profit and calculate the maximum profit.

BMIS – May 2019 – L1 – Q3b – Operations strategy

Explain the costs associated with producing quality products in reference to the four types of quality cost.

Our offerings

Contact Info

Customer

Get In Touch