LABOUR-COSTING

________ labour cost is the remuneration paid to the employees who are directly engaged in the manufacturing operations

• Direct

• Indirect

• Normal

• Abnormal

_______ time refers to the time for which wages are paid without any production

• Over

• Under

• Excess

• Idle

Extra payment reuired to be paid for overtime work is called as overtime

• Premium

• Payment

• Salary

• Wages

Which of the following is not disadvantages for output/piecework system?

• Quality of products might be compromised

• Unfair wages to new employee

• Recording of time is important to calculate overtime

• Might increase in wastage cost

Which of the following is not the purpose of time recording?

• Provides basis for wage calculation

• Provides classification for product

• An analysis on the time spent for job

• Provides information for control and recording

The change in the labour force during a specified period of time. This statement indicates the definition of

• Labour turnover

• Overtime premium

• Flat rate system

• Piecework system

Which of the following is a reasons for involuntary resignation by employee?

• Retirement

• Dismissal for disciplinary reason

• Marriage

• Redundancy due to economic factor

Preventive cost is a cost borne by the company in order to retain the employee. Which of the following is not preventive cost?

• Medical services

• Pension scheme

• Transportation cost

• Accident cost due to inexperience

Which of the following is NOT an example for direct labour cost?

• Cook in the kitchen

• Tailor

• Cashier at the restaurant

• Designer for house

Which of the following is indirect labour cost?

• Maintenance worker in chocolate factory

• Manager in a company

• Cleaner in seafood factory

• All of the above