MMF03

Answer ALL the Questions

PART A (9 x 2 = 18 Marks)
1. What are the elements of cost?
2. What is meant by factory on cost?
3. What is the type of estimate?
4. What is under estimating and over estimating?
5. What are the functions of estimating?
6. Define indicate the formula for calculating the straight line methods
7. Define welding
8. Difference between hot forging and cold forging
9. List the various allowance provide to pattern

PART B (2 x 16 = 32 Marks)
10. (a) (i)How will calculate step by step method of arrive a selling price (8)
(ii) Distinguish between estimating and costing (7)

(Or)
(b) From the following data for a sewing machine manufacturer, prepare a statement showing prime cost, (15)
works/factory cost, production cost, total cost and profit.
Value of stock of material as on 01.04.2010 26,000
Material purchased 2, 74,000
Wages to labour 1, 20,000
Depreciation of plant and machinery 8,000
Depreciation of office equipment 2,000
Rent, taxes and insurance of factory 16,000
General administrative expenses 3,400
Water, power and telephone bills of factory 9,600
Water, lighting and telephone bill s of office 2,500
Material transportation in factory 2,000
Rent of office building 2,000
Direct expenses 5,000
Commission and pay of salesman 10,500
Repair and maintenance of plant 1,000
Works manager salary 30,000
Salary of office staff 60,000
Value of stock of material as on 31.03.2011 36,000
Sale of products 6, 36,000 (AU Nov/Dec 2013)

11. (a) (i)What are the various losses permissible for the forging and indicate values (5)

(ii) Calculate the net weight and gross weight for the components shown in fig. density of
material used is 7.86 gm/cc. also calculate (i) length of 14mm dia bar required to forge one (10)
component (ii) cost of forging/piece if: material cost = 80 per kg; labour cost=15 per piece.
Overheads= 150 per cent of labour cost.(10)

(Or)
(b) (i) How will you calculate power cost of taking in various costs and indicate formula. (5)
(ii) Estimate the electric arc welding cost for a cylindrical boiler drum 3m X 1.2m diameter which is
to be made from 15mm thick mild steel plates. Both the ends are closed by welding circular plates to (10)
 MMF03

the drub. Cylindrical portion is welded along the longitudinal seam and welding is done both in inner
and outer sides. Assume the following data:
(i) Rate of welding= 2m/hr on inner side and 2.5m/hr on outer side;
(ii) Length of electrode required=1.5 m/meter of welding
(iii) Cost of electrode=Rs 20/meters
(iv) Power consumption=4kWhr/ meter of weld;
(v) Power charges=Rs8/kW/hr;
(vi) Labour charges= Rs 40/hour;
(vii) Overhead charges=90% of prime cost
(viii) Discarded electrodes =6%
(ix) Fatique and setting up time= 5% of welding time.