WorksheetsLabour Costing
Total questions: 30
Worksheet time: 15mins
__________ is essential for costing purpose
Time Keeping
Time Booking
Attendance
_________ is necessary for Pay Roll Accounting
Time Keeping
Time Booking
Time Recording
________ is a method of Time Booking.
Attendance Register
Daily Time Sheet
Time Clock
The ________ shows the time spent by worker on a particular product or job.
Job Ticker
Job Card
Salary Slip
________ shows details of Wages paid.
Attendance Register
Muster Roll
Pay Roll
_______ is prepared for individual workers.
Job Sheet
Job Card
Pay Slip
________ Labour cannot be identified easily
Direct
Indirect
Productive
Which of the following is not a direct labour
manufacturing labour
operating labour
factory manager
_______ is a periodic statement of wages
Pay Roll
Pay Slip
Job Card
Job Sheet
Pay Roll shows _______
Gross Wages
Deductions
Net Wages
All of these
_______ is a method to calculate Labour Turnover
Halsey's
Merrick
Flux
Labour Turnover leads to higher _________
productivity
efficiency
cost
Cost incurred on medical services is a ______ cost
Replacement
Preventive
Labour
Exit Interviews can ________ labour turnover
increase
decrease
maintain
Under ________ method, output of worker is irrelevant
Time Rate
Piece Rate
Taylor Differential
Under _____ method, bonus paid to workers is in proportion of time saved to time allowed.
Halsey's Plan
Halsey Wier Plan
Rowan's Plan
Wages paid for normal idle time is charged to _______
Administrative
Direct Labour / Factory Overheads
Selling or Distribution
A worker has a time rate of Rs 15 per hour. He makes 720 units (standard time 5 minutes per unit) in a week of 48 hours. His wages as per rowan plan
Rs 864
Rs 840
Rs 820
A worker is allowed 60 hours to complete a job on a guaranteed wage of ` 10 per hour. He completes the job in 48 hours. How much will he under Halsey
Rs 540
Rs 450
Rs 640
Taylor’s Differential piece rate plan penalises
Efficient Workers
Inefficient Workers
No Worker
The method which does not differentiate between efficient and inefficient worker is
Time Rate
Piece Rate
"(Actual hours worked * Rate per hour) + (Time saved * 50% rate per hour)". Out of the following in which system the amount of wages is calculated?
Halsey plan
Rowan plan
Taylor's plan
Rushi completes a work in 8 hours instead of 10 hours. Labour rate per hour is Rs 5. What he will earn as per Rowan plan?
Rs 45
Rs 48
Rs 50
In Halsey Plan Bonus is paid to the workers on the basis of Time saved.
True
False
If actual time taken is less than standard time, it is called Time saved.
True
False
_____ system brings down output.
Time Rate
Piece Rate
Differential Plan
Low wages cause _____ _____.
High Stock Turnover
High Debtors Turnover
High Labour Turnover
Pension scheme can _____ labour turnover.
increase
decrease
have no effect on
Unavoidable cause of labour turnover may be _____ _____ _____ of employee.
Exit interview, Better facilities, Better pay
Low wages, Lack of Training, Lack of Proper HR Policies
Death, Retirement, Marriage
Exit interview can _____ labour turnover.
increase
decrease
have no effect on
