(A) Under this method of remuneration a worker is paid on the basis of time taken by him to perform the work
(B) Under this method of remuneration a worker is paid on the basis of production
(C) The rate is expressed in terms of certain sum of money for total production
(D) The rate is not expressed in terms of certain sum of money for total production
Category: Accounting Mcqs
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Which of the following cost is linked with the calculation of cost of inventories?
(A) Product cost
(B) Period cost
(C) Both product and period cost
(D) Historical cost
Exchange losses or gains after purchase transaction is complete is treated as?
(A) Product cost.
(B) Overhead cost.
(C) Purchase cost.
(D) Finance cost
When overtime is required for meeting urgent orders, overtime premium should be?
(A) Charged to Costing Profit and Loss A/c
(B) Charged to overhead costs
(C) Charged to respective jobs
(D) None of the above.
Selling and distribution overhead does not include?
(A) Cost of warehousing
(B) Repacking cost
(C) Transportation cost
(D) Demurrage charges.
CAS 8 requires each type of utility to be treated as?
(A) Separate cost object
(B) Not part of cost as not include in material
(C) Not part of cost as they do not form part of product
(D) Treated as administrative overheads.
Maximum possible productive capacity of a plant when no operating time is lost , is its?
(A) Practical capacity
(B) Theoretical capacity
(C) Normal capacity
(D) Capacity based on sales expectancy
The forex component of imported material cost is converted?
(A) At the rate on the date of settlement
(B) At the rate on the date of transaction
(C) At the rate on date of delivery
(D) None of the above.