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Question 1
According to ABC Corporation's policy, any new equipment should have an annual depreciation cost that is no more than 20% of the original cost and has no salvage value. If the SYD method of depreciation is being used, ascertain the duration of service life required.
Correct Answer:
9 years
Question 2
The cost of an asset is P9,000.00. After a ten-year anticipated economic life, it will be sold for P 1,000.00. Utilizing the sum-of-years-digit approach, determine the depreciation over the first three years.
Correct Answer:
P 3,927.27
Question 3
3200 ice cans are needed each month, according to Mr. Davis' production. The cost of cutting one unit using a manual guillotine is P25.00. Mr. Davis was offered a P275,000.00 electrically controlled hydraulic guillotine, which reduces the cost of cutting units by 30%. How many months, ignoring the expense of money, will Mr. Davis need to purchase the equipment in order to recoup his investment?
Correct Answer:
12 months
Question 4
With an initial investment of $50,000,000, the Saudi Arabian Oil Refinery drilled an oil well that is thought to hold 5,000,000 barrels of oil. What is the depletion fee for the year when 500,000 barrels of oil are produced? When calculating depletion, use the unit or factor technique.
Correct Answer:
$$5,000,000.00
Question 5
The labor cost of producing a certain item is P 115, the material cost is P 76, and the variable cost is P 2.32. How many units must be produced each month at a unit price of P 600, with a monthly overhead of P 428,000, for the company to break even?
Correct Answer:
1,053
Question 1
Exam overview

About this Exam

Prepare with the Certified Industrial Engineer (CIE) Examination practice quiz. This question bank includes 30 questions covering cost, pair, wire, unit, and many. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Certified Industrial Engineer (CIE) Examination

This practice set contains 30 questions from the matching question bank and focuses on cost, pair, wire, unit, and many. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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