Costing MCQs

Question 1

Those cost which is incurred to prevent the labour turnover __________.

Accepted Answer

preventive cost

Answer

management cost

Answer

replacement cost

Answer

compensation cost

Question 2

Normal idle time __________.

Accepted Answer

cannot be avoided

Answer

can be avoided

Answer

can be minimized

Answer

can be controlled

Question 3

Cost of idle time arising due to non availability of raw material is _______.

Accepted Answer

charged to costing profit and loss account

Answer

charged to financial profit and loss account

Answer

charged to factory overhead

Answer

recovered by inflating the wage rate

Question 4

Wage sheet is prepared by ________.

Accepted Answer

payroll department

Answer

time keeping department

Answer

personnel department

Answer

cost accounting department

Question 5

Time and motion study is conducted by ________.

Accepted Answer

engineering department

Answer

time keeping department

Answer

personnel department

Answer

payroll department

Question 6

Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.

Accepted Answer

100%

Answer

50%

Answer

60%

Answer

835%

Question 7

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

Accepted Answer

120%

Answer

75%

Answer

80%

Answer

90%

Question 8

Bonus under Halsey plan is paid ________.

Accepted Answer

at 50% of time saved

Answer

at 75% of time saved

Answer

at 80% of time saved

Answer

at 90% of time saved

Question 9

Halsey premium plan is ________.

Accepted Answer

individual incentive scheme

Answer

group incentive scheme

Answer

time and piece wage system

Answer

differential piece wage system