Inter PN-8 Cost Accounting Quiz 6

1. If wages per day of 8 hours is rs 500, std outputis 100 units , Actual Output is 120 ,piece rate wages-

2. Labour Efficiency (based on time) is given by the Formula

3. A worker will earn wages under Halsey and Rowan System , if time Saved equals -

4. Under Halsey System ,generally Bonus is computed as               x (Time Saved x Rate per hour)

5. (Hours worked X Rate per hour) is the computation of wages under

6. In the context of Labour Turnover ,Number of Workers left and discharged is called-

7. Wages attributable to Normal idle Time is treated as

8. Keeping a rocord of total time spent by the worker inside the factory is called

9. If Overtime is required for meeting urgent orders , the Overtime premium should be charged as -

10. Standard Time of a job is 60 hours and guaranteed time rate is rs 90 per hour. What is the amount of wages under Halsey plan if job is completed in 48 hours?

11. Standard Time of a job is 60 hours and guaranteed time rate is rs 90 per hour. What is the amount of wages under Rowan plan if job is completed in 48 hours?

12. Employee Cost includes

13. Time Booking refers to a method wherein                  of an employees is recorded

14. For reducing the labour cost per unit ,which of the following factors is most important?

15. Wages sheet is generally prepared by-

16. Time and Motion study is conducted by

17. When a direct Worker is paid on a monthly fixed salary basis , the following is true :

18. Idle time is the time under which

19. Cost of abnormal loss of materials is

20. Landed cost of materials does not include…..

21. Pricing of Materials in the order in which they are purchased is called       method

22. Generally , a            T/o and             days Average Inventory held is preferable

23. Inventory turnover ratio is expressed in

24. (ROL+ROQ (-) minimum usage x minimum lead time ) is the computation formula for….

25. What is the formula for Re-order level?