(A) Part of prime cost
(B) Factory overheads
(C) Direct labour cost
(D) Administrative overheads
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Overtime premium may be treated, depending on the circumstances, as :
(A) Part of direct wages
(B) Part of production overheads ;
(C) Part of capital order
(D) All of the above
The treatment of idle time in cost include the following :
(A) Cost of normal and controllable idle time is charged to factory overheads
(B) Cost of normal but uncontrollable idle time is treated as prime cost
(C) Cost of abnormal and uncontrollable idle time is charged to costing profit and loss account
(D) All of the above
Productive causes of idle time include the following except :
(A) Power failure
(B) Fall in demand
(C) Machine breakdown
(D) Waiting for materials, tools, instructions, etc.
In account ting for labour cost :
(A) A. direct labour cost and indirect labour cost are charged to prime cost
(B) Direct labour cost and indirect labour cost are charged to overheads
(C) Direct labour cost is charged to prime cost and indirect labour cost is charged to overheads
(D) All of the above
Wages analysis include :
(A) Gross wages per product
(B) Gross wages per operation or department
(C) Gross wages per labour classification
(D) Analysis of constituent of gross wages – direct/ lost time
The authorized heads of deduction from wages payable include the following except :
(A) Car allowance
(B) Income tax
(C) Provident fund
(D) Employees‘ state insurance
The purposes served by preparation of payroll or wages sheet include :
(A) Spreading the volume of work to be done
(B) Computation of labour rate for each department
(C) Comparing actual wages with budgeted wages for control
(D) All of the above