Direct material is a _____

Materials issued are priced at the latest purchase in ....................

Materials issue are priced by dividing the total cost of material in stock by the total quantity of materials is called _____ method

Given that for a job standard time is 8 hours, actual time taken is 6 hours and the time rate is Rs.2 per hour. What is the total wages, under Halsey Premium Plan?

Which of the following is / are time based incentive wage plan?

A worker is paid Rs. 0.50 per unit and he produces 18 units in 7 hours. Keeping in view the straight-piece rate system, the total wages of the worker would be?

Which of the following methods of wage payment is most suitable where quality and accuracy of work is of primary importance?

When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is?

In which of the following incentive plans of wage payment, wage on time basis are not guaranteed?

What does FIFO mean?

Idle Time is

Pareto's Law is concerned with

In ABC analysis"C' class items require

Under Emerson's Efficiency Plan, no bonus is payable when efficiency is upto

According to Merrick’s multiple piece rate system, the piece rate applicable to a worker with an efficiency of 100 % or above is _____ of normal piece rate

Standard time allowed for job is 20 hours and the rate/ hour is Rs.1 and actual hours worked is 15 hours. Calculate earnings under Rowan plan.

Standard production -10 unis per hour

Normal time rate- Rs. 5 per hour.

Differentials to be applied:

80% of piece rate for below standard

120% of piece rate at or above standard

In a 10 hour day Arun produced 80 units and Rani produced 110 units. Calculate the wages of two workers under Taylor's differential piece rate system.

. Economic order quantity is a tool for controlling ___________

If minimum level is 3000 units and ROQ is 2000 units, what is average stock level