Cost and Managerial Accounting 151. ______________ forms part of cost of production.
Abnormal waste normal waste both a & b none of these View answer Correct answer: (B)
152. ______________ is a method of evaluating the job in terms of its money value.
Job analysis Job evaluation work measurement Motion study View answer Correct answer: (B)
153. ______________ is the assessment of the relative worth of jobs within a company whereas ______________ is the assessment of the relative worth of man behind the job.
Job evaluation , merit rating job analysis, job evaluation job analysis, merit rating none of these View answer Correct answer: (A)
154. Taylors differential piece rate system provides for higher rate to ______________ workers.
Inefficient efficient both a & b lazy View answer Correct answer: (B)
155. Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between ______________ of the standard output.
83% and 100% 100% and 120% 0% and 83% none of these View answer Correct answer: (B)
156. Basis of apportionment of stores service expenses is ______________
Value of materials consumed units of material consumed products produced none of these View answer Correct answer: (A)
157. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the ______________
Number of hours number of products produced number of workers wages View answer Correct answer: (A)
158. Expenses incurred during production other than direct materials and direct labour are called ______________ factory expenses; those charged to production on estimated basis are called ______________
Actual, applied applied, actual indirect, direct none of these View answer Correct answer: (A)
159. Salary paid to general manager is an item of ______________ expenses.
Fixed Variable semi-variable estimated View answer Correct answer: (A)
160. Warehousing cost is an item of
Office overhead distribution overhead material cost works overhead View answer Correct answer: (B)