S.Y B.COM
SEMESTER - 3
MID SEMESTER EXAMINATION
COST ACCOUNTING
MCQS - LABOUR COST
(A) Halsey plan
(B) Taylor's differential piece rate system
(C) Rowan plan
(D) Gantt's task and bonus system
(2) Under the high wage plan, a worker is paid
(A) At a time rate higher than the usual rate
(B) at a double rate for overtime
(C) According to his efficiency
(D) Normal wages plus bonus
(3) Which of the following incentive methods of wage payment should be used for direct workers.
(A) Rowan plan
(B) Gantt's task and bonus plan
(C) Taylr's differential piece rate system
(D) All of the above
(E) None of the above
(4) Which of the following methods of wage payment is most suitable where quality and accuracy of work is primary importance?
(A) Piece rate system
(B) Differential piece work system
(C) Time rate system
(D) Halsey premium system
(5) Cost of Idle time arising due to non-availability of raw material is
(A) Charged to Costing Profit and Loss A/c
(B) recovered by inflating the wage rate
(C) charged to factory overheads
(6) When overtime is required for meeting urgent orders, overtime premium should be
(A) Charged to Costing Profil and Loss Alc
(B) Charged to respective jobs
(C) Charged to overhead costs
(7) Wages sheet is prepared by
(A) time-keeping department
(B) Payroll department
(C) personnel department
(D)Cost accounting departmen
(8) Time and motion study is conducted by the
(A) time-keeping department
(B) Payroll department
(C) personnel department
(D) engineering department
(9) Labour productivity is measured by comparing
(A) Actual time with standard time
(B) Added value for the product with total wage cost
(C) Total output with total man hours
(D) None of the above
(10) Labour turnover is measured by
(A) Number of workers replaced / average number of workers
(B) Number of workers left / number in the beginning plus number at the end.
(C) Number of workers joining / number in the beginning of the period.
(D) All of these
(E) None of these
(11) Under Gantt's Task and Bonus plan, no bonus is payable to a worker if his efficiency less than
(A) 50%
(B) 66 2/3
(C) 83 1/3
(D) 100%
(12) Under Emerson's Efficiency System; no bonus is payable when efficiency is up to
(A) 50%
(B) 66 2/3 %
(C) 83 1/3
(D) 100%
(13) When standard outputs is 10 units per hour and actual output is 12 units per hour, that efficiency is
(A) 80%
(B) 100%
(C) 120%
(D) Non Of these
(14) Given that for a job, standard time is 8 hours, actual time taken is 6 hours and the time rate is Rs. 2 per hour. What is the total wages under Halsy Premium Plan?
(A) Rs. 18
(B) Rs. 16
(C) Rs. 14
(D) Rs. 12
(15) What will be the amount of wages if Halsey-weir plan is applied on the data in Q.14 above?
(A) Rs. 13.00
(B) Rs. 13.20
(C) Rs. 13.80
(D) Rs. 14.00
(16) Using data as given Q.14 above, what will be the amount of wages under time rate system?
(A) Rs. 16
(B) Rs. 12
(C) Rs. 14
(D) Rs. 18
(17) Using data as given in Q.14 above what will be the amount of bonus under Rowan plan?
(A) Rs. 2
(B) Rs. 3
(C) Rs. 4
(D) None of the above
(18) Using data as given in Q.14 above, what is the amount of bonus under Halsey plan?
(A) Rs. 2
(B) Rs. 3
(C) Rs. 4
(D) Nill
(19) Standard output is 100 units per day of 8 hours and the piece rates are 20 paisa per unit and 15 paisa per unit under Taylor's differential piece rate system, what will be amount of wages if a worker produces 95 units in a day ?
(A) Rs. 14.00
(B) Rs. 14.25
(C) Rs. 18.50
(D) Rs. 19.00
(20) Given he data in Q. 19 above, what will be the amount of wages under Taylor's differential piece rate system, if a worker produces 101 units in a day ?
(A) Rs. 15.15
(B) Rs. 20.00
(C) Rs. 20.15
(D) Rs. 20.20
(21) Comparing Rowan and Halsey Premium plans, it is seen that when the time saved is less than 50% of the time saved.
(A) Rowan plan allows more wages to a worker than Halsey plan
(B) Rowan plan allows less wages to a worker than Halsey plan
(C) Rowan and Halsey plan allow equal wages to a worker.
(22) When time saved is 40% of the standard time, Halsey plan allows.
(A) more wages than Rowan plan
(B) equal wages as compared to Rowan plan
(C) less wages than Rowan plan
(23) Wages under Rowan and Halsey plans are Exactly equally when time saves is
(A) MI
(B) 50 % of the standard time
(C) both (a) and (b)
(24) Standard time is 60 hours and quaranteed time rate is 30 paise per hour. What is the amount of wages is job is completed in 48 hours? Rowan plan is in use.
(A) Rs. 24.00
(B) Rs. 17.28
(C) Rs. 20.40
(D) Rs. 26.80
(25) Which of the following group incentives plan?
(A) Priest man plan
(B) Halsey Weir plan
(C) Badaux plan
(D) All of these
For More Detail Contact Us And Follow On Study For Buddies
Thank You
No comments:
Post a Comment