Tag: Financial Accounting Mcqs

(A) Part of direct wages
(B) Part of production overheads ;
(C) Part of capital order
(D) All of the above

(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

(A) Power failure
(B) Fall in demand
(C) Machine breakdown
(D) Waiting for materials, tools, instructions, etc.

(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

(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

(A) Car allowance
(B) Income tax
(C) Provident fund
(D) Employees‘ state insurance

(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

(A) Health and safety
(B) Housing facilities
(C) Education and training
(D) Dearness allowance