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MCQs 1-10

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1. According to Taylor’s Differential plan, the worker is paid according to his?

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2. Under the Halsey wage plan, a worker is paid?

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3. Standard output is 100 units per day of 8 hours and the piece rates are 20 paise per unit, under Taylor’s differential piece rate system, what will be amount of wages if a worker produces 95 units in a day?

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4. Comparing Rowan and Halsey Premium plans, it is seen that when the time saved?

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5. When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is?

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6. 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 Halsey Premium Plan?

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7. In which of the following incentive plans of wage payment, wage on time basis are not guaranteed?

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8. Which of the following methods of wage payment is most suitable where quality and accuracy of work is of primary importance?

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9. Which of the following is / are time based incentive wage plan?

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10. A worker is paid Rs. 0.50 per unit and he produces 18 units in 7 hours. Keeping in view the straight-piece rate system, the total wages of the worker would be?

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>> Practice Labor Cost MCQs

 

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References

Cost Accounting For Dummies – By Kenneth W. Boyd

Fundamentals Of Cost Accounting – By William Lanen, Shannon Anderson Et.Al

Cost Accounting Fundamentals – By Steven M. Bragg

Cost Accounting Made Simple – By Mike Piper

Principles Of Cost Accounting – By Maria R. Mitchell

Fundamentals Of Cost Accounting 5th Edition – By William Lanen, Shannon Anderson, And Michael Maher

1 Comment

  1. Osama Khan

    Sir kindly fix the error in MCQs.When i click on any MCQs option it does not show to me whether the answer is correct or wrong 🙂