Cost Accounting 1 Quiz 2 Chapter 4

There is only one form of remuneration

• True

• False

Cost to company refers to the total amount of costs the organisation incurs for employing each worker.

• True

• False

Overtime is the amount of time that an employee works extra above their normal working hours.

• True

• False

Employees may only contribute up to 15% of their income to their retirement annuity fund.

• True

• False

Gross remuneration is a person’s basic salary or wage.

• True

• False

Gross remuneration is the amount of money earned before any deductions have been made.

• True

• False