LABOUR COST

Sum total of all wages, employee benefits and payroll taxes  paid to employees by its employer is called:

• Labour cost

• Material cost

• Overhead

• None of these

Second element of cost of production is called:

• Material

• Labour

• Overhead

• None of these

Which among the following / are the method of remuneration?

• Time wage system

• Piece wage system

• Bonus system

• All of these

Straight piece rate system comes under:

• Piece wage system

• Time rate system

• Bonus system

• Non of these

Rowan plan comes under:

• Time wage system

• Piece wage system

• Bonus system

• None of these

Gantt Task Bonus Plan comes under:

• Straight Piece Rate

• Piece Rate with Guaranteed Time Rate

• Differential Piece Rates

• None of these

Under Halsey-Weir Scheme total earnings =

• T x R + 30% (S - T) R

• T x R - 30% (S - T) R

• T x R + 50% (S - T) R

• T x R - 50% (S - T) R

Under which method, worker completes his job within or more than the standard time then the worker is paid a guaranteed time wage?

• Halsey Premium Plan

• The Halsey-Weir Scheme

• Rowan Plan

• All of these

Which system worker gets a bonus of 30% of the time saved instead of 50%?

• Halsey-Weir Scheme

• Halsey Premium Plan

• Rowan Plan

• All of these

wages paid for maintenance workers is the example of:

• Indirect labour

• Direct labour

• Direct material

• Indirect material