Costing MCQs

Question 1

GRN number refers to________.

Accepted Answer

goods received note number

Answer

goods returned note number

Answer

goods shortage note number

Answer

goods requisition note number

Question 2

Bin card is maintained by ________.

Accepted Answer

stores department

Answer

costing department

Answer

finance department

Answer

accounting department

Question 3

Labour turnover is ______.

Accepted Answer

change in labour force

Answer

productivity of labour

Answer

efficiency of the labour

Answer

total cost of the labour

Question 4

Idle time is ________.

Accepted Answer

time spent by workers off their work

Answer

time spent by workers in factory

Answer

time spent by workers in office

Answer

time spent by workers on their job

Question 5

In__________ the workers are paid on the basis of hourly daily,weekly rate

Accepted Answer

time rate system

Answer

piece rate system

Answer

premium bonus system

Answer

emerson efficiency plan

Question 6

Difference between attendance time and job time is _______.

Accepted Answer

idle time

Answer

job time

Answer

over time

Answer

actual time

Question 7

Piece workers are paid on the basis of ________.

Accepted Answer

output produced

Answer

output sold

Answer

output in stock

Answer

input received

Question 8

Time wages are paid on the basis of ________.

Accepted Answer

actual time

Answer

standard time

Answer

time saved

Answer

overtime

Question 9

Differential piece wages means _______.

Accepted Answer

different wages for different level of performance

Answer

different wages for different time consumed

Answer

different wages for different level of output

Answer

different wages for different types of industries