COST ACCOUNTING (MCQS) - Study For Buddies

Thursday, January 21, 2021




(1) _________ is  the process of accounting for cost which begins with the recording of income and expenditure or the basis on which they are calculated.

(A) Financial Accounting 
(B) Process Accounting
(C) Cost Accounting 
(D) Management Accounting

(2) Cost Accounting System is used to record, summarise and report -

(A) Capital information
(B) Income information 
(C) Cost information
(D) Loss information

(3) One of the function of cost accounting is proper matching of -

(A) Costs
(B) Profits
(C) Overheads
(D) Losses

(4) The main purpose of cost accounting is to provide information to management for -

(A) Decision making
(B) Planning
(C) Policy making
(D) None of the above

(5) On the basis of behaviour of cost, overheads are classified into -

(A) Capital and Revenue
(B) Controllable and Uncontrollable
(C) Normal and Abnormal
(D) Fixed and Variable

(6) Total cost of direct material, direct labour, direct expenses and manufacturing expenses are included in -

(A) Production costs
(B) Development costs 
(C) Distribution costs
(D) Selling costs

(7) ________ costs are directly related to a cost centre or cost unit.

(A) Indirect
(B) Direct
(C) Fixed
(D) Selling

(8) One of the most important tool in cost accounting is -

(A) Planning
(B) Budget
(C) Expenses
(D) None of the above

(9) _______ is a technique of cost ascertainment and cost control.

(A) Standard costing
(B) Batch costing
(C) Job costing
(D) Capital costing

(10) The method of costing used in job order industries in known as -

(A) Uniform costing
(B) Direct costing
(C) Job costing
(D) Batch costing

(11) ______ cost follows the item into inventory.

(A) Relevant
(B) Total
(C) Product
(D) Period

(12) A cost which requires payment to outside parties is known as-

(A) Out of pocket cost
(B) Absolute cost
(C) Shut-down cost
(D) Opportunity cost

(13) Research and Development Cost is an example of -

(A) Common cost
(B) Relevant cost
(C) Discretionary cost
(D) Joint cost

(14) Which costs are established through analysIs of past data ?

(A) Programmed costs
(B) Engineered costs
(C) Relevant costs
(D) Policy costs

(15) _______ is the smallest segment of activity or area for which costs are accumulated.

(A) Responsibility centre
(B) Profit centre
(C) Cost centre
(D) Service centre

(16) The cost centre which consists of a person or a group of persons is known as -

(A) Operation cost centre
(B) Process cost centre
(C) Service cost centre
(D) Personal cost centre

(17) _______ have the responsibility of generating and maximizing profit.

(A) Investment centres
(B) Cost centres
(C) Profit centres
(D) None of the above

(18) The scope of Cost Accounting is _______ than Financial Accounting.

(A) Wider
(B) Board
(C) Limited
(D) Narrow

(19) A gas production shop which produces and supplies gas is called-

(A) Profit centre
(B) Production cost centre
(C) Service cost centre
(D) Cost centre

(20) A unit ot product, service or time for which costs are incurred and ascertainment is known as -

(A) Cost unit
(B) Service centre
(C) Service centre
(D) Cost centre

(21) A process of distributing an item of cost over several cost centres is known as -

(A) Cost apportionment
(B) Cost allocation
(C) Cost absorption
(D) None of the above

(22) A Cost centre where all machine are performing the scheme activity is known as -

(A) Process Cost centre
(B) Service cost centre 
(C) Operation cost centre
(D) Production cost centre

(23) Cost accounting is a branch of -

(A) Management Accounting
(B) Tax Accounting
(C) Financial Accounting
(D) None of the above

(24) ________ is useful in case of "cost plus contracts" where price is to be detemined finally on the basis of actual cost.

(A) Post Costing Method
(B) Continuous Costing Method
(C) Direct Costing Method
(D) None of the above

(25) Interest on capital, payment for which is not actually made is an example of -

(A) Imputed cost
(B) Sunk cost
(C) Replacement cost
(D) Opportunity cost

(26) The method of costing used in oil refineries is-

(A) Process costing
(B) Job costing
(C) Operation costing
(D) Batch costing

(27) A combination of two or more method of costing is known as-

(A) Operating costing
(B) Output costing
(C) Contract costing
(D) Multiple costing

(28) Interior decoration firm follows _______ method of costing.

(A) Process costing
(B) Contract costing
(C) Multiple costing
(D) Operation costing

(29) City bus transport follows the ______ costing method of costing.

(A) Batch
(B) Operating
(C) Multiple
(D) Contract

(30) Cost unit applicable to Hotels providing lodging facility is-

(A) Per bed per day
(B) Per passenger per day
(C) Per room per day
(D) None of the above

(31) The costs incurred in order to maintain the earning capacity of the business is known as -

(A) Normal cost
(B) Historical cost
(C) Revenue cost
(D) Capital cost

(32) _______ is the total of all variable costs i.e. prime costs and variable overheads.

(A) Opportunity cost
(B) Marginal cost
(C) Pre-determined cost
(D) Replacement cost

(33) Overhead costs of a machine shop may be absorbed by using-

(A) Rate per machine hour
(B) Rate per machine minute
(C) Rate per machine second
(D) None of the above

(34) The main purpose ______ is to prepare Profit & Loss Account and Balance Sheet for reporting to owners and outside parties.

(A) Cost Accounting
(B) Magangement Accounting
(C) Financial Accounting
(D) Computerised Accounting

(35) The technique and process of ascertaining the cost of activities, processes, products of services is known
as -

(A) Cost Accountaney 
(B) Costing
(C) Cost Accounting
(D) None of the above

(36) Any activity for which a separate measurement of cost is desired, is known as-

(A) Cost object
(B) Cost unit
(C) Cost-system
(D) None of the above

(37) ________ Is known as the technique and process of ascertaining the costs of activities, processes, products or service.

(A) Costing
(B) Cost accounting
(C) Cost centre
(D) Cost method

(38) Car manufacturing organization uses the ______ method.

(A) Unit costing
(B) Multiple costing
(C) Batch costing
(D) Job costing

(39) A power house which generates and supplies power is called ________ centre.

(A) Profit
(B) Cost
(C) Production cost 
(D) Service cost

(40) ______ is the application of accounting and costing principles, methods and techniques in the ascertainment of costs and the analysis of variance.

(A) Management Accounting
(B) Costing
(C) Financial Accounting
(D) Cost Accounting

(41) A unit of a product or unit of service to which cost are ascertained by means of allocation, apportionment and absorption is called-

(A) Cost object
(B) Service unit
(C) Cost unit
(D) Cost centre

(42) _______ is engaged in production activity by conversion of raw material into finished production.

(A) Production cost centre
(B) Process cost centre
(C) Impersonal cost centre
(D) Production unit

(43) ______ is a quantitative unit of a product or service in relation to which costs are ascertained.

(A) Monetary unit
(B) Service unit
(C) Cost unit
(D) Product unit

(44) Out of the following _______ is not a costing system.

(A) Marginal costing
(B) Uniform costing
(C) absorption costing
(D) process costing

(45) An example of Specific Order Costing is -

(A) Batch costing
(B) unit costing
(C) Service costing
(D) Process costing

(46) The location, person or item of equipment for which cost may be ascertained and used for the purpose of
cost control is known as ______.

(A) Machine centre
(B) Cost centre
(C) Cost unit
(D) Product centre

(47) Under _______ costing, all indirect costs are charged to Profit and Loss Account of the period in which they arise.

(A) Direct 
(B) Absorption
(C) Marginal
(D) Contract

(48) ________ Is a segment of a business entity to which both revenues and costs are that responsibility of a sub unit may be measured.

(A) Cost centre
(B) Revenue
(C) Production centre
(D) Profit centre

(49) A Cost centre in which a specific process or a continuous sequence of operations us carried is called Production cost center.

(A) True
(B) False
(C) Partly true
(D) Partly false

(50) A Cost centre which is ancillary to and render service to other production cost centres is called-

(A) Process cost centre 
(B) Production cost centre
(C) Service cost center
(D) None of the above

(51) A cost centre which consists of a person or group of persons is called ________ cost center.

(A) Personal
(B) Machine
(C) Unit
(D) Prodcution

(52) Any activity for which a separate measurement of costs is desired is known as -

(A) Profit unit
(B) Cost object
(C) Cost centre
(D) Cost unit

(53) The most suitable cost system, for shoe manufacture is -

(A) Contract costing
(B) Batch costing
(C) Job costing
(D) None of the above

(54) _______ accounts provide information for income determination.

(A) Management
(B) Financial
(C) Cost
(D) None of the above

(55) _______ costing is the ascertainment of costs after they are incurred.

(A) Batch
(B) Process
(C) Job
(D) Historical

(56) Cost accounting is an essential tool of -

(A) Management
(B) Science
(C) Art
(D) Both (a) and (b)

(57) A good system of _______ services as a means of control expenditure and helps to secure economy in manufacture.

(A) Management accounting 
(B) Costing
(C) Cost accounting
(D) None of the above

(58) _______ costing is an example of specific order costing.

(A) Contract
(B) Historical
(C) Batch
(D) Job

(59) ______ accounts provide information for income determination.

(A) Management
(B) Cost
(C) Financial
(D) None of the above

(60) The aim of Financial Accounting is to provide information for fixing prices.

(A) Partly False
(B) Pardly True
(C) False
(D) True

(61) _______ costing is the ascertainment of costs after the are incurred.

(A) Process
(B) Job
(C) Historical
(D) Batch

(62) Cost accounting is an essential tool of -

(A) Science
(B) Art
(C) Management
(D) Both (a) and (b)

(63) A good system of ______ serves as a means of control expenditure and helps to secure economy in manufacture.

(A) Cost accounting
(B) Costing
(C) Management accounting
(D) None of the above

(64) _______ costing is an example of specific order costing.

(A) Job
(B) Batch
(C) Contract
(D) Historic


(65) The difference between the time for which the employees are paid and the employees time booked for the jobs are called as _______.

(A) Abnormal Time
(B) Idle Time
(C) Normal Time
(D) None of (A), (B) & (C)

(66) X Ltd. incurs cost on worker P during a particular month: Basic Wages Rs.10,000 and Dearness Allowance 50% (of basic wages). Both Employer as well as employee each contributes 8% of basic wages to Provident Fund and 2% of basic wages to Employees' State Insurance. The labour cost incurred by X Ltd. on p for a particular month is Rs. _______.

(A) 16,000
(B) 17,000
(C) 15,000
(D) 14,000

(67) Which one of the following is not an unavoidable cause of labour turnover?

(A) Seasonal nature of the business
(B) Illness or accident
(C) Marriage-in case of women workers
(D) Unhealthy working conditions

(68) In a company, the payroll shows 600 employees on 1st Sep, 2017 and 1,000 employees on 30th Sep, 2017. During the Sep, 2017, 100 employees resigned, 20 employees discharged and 80 employees were replaced due to resignations and discharges. The labour turnover under Replacement Method is

(A) 15%
(B) 10% 
(C) 25%
(D) 12.5%

(69) An example of direct labour cost is _______.

(A) Director's Salary 
(B) Foreman's Wages
(C) Machine Operator's Wages
(D) Salesman's Salary 

(70) Under Emerson's efficiency bonus plan, no bonus is payable when efficiency is less than _______.

(A) 83%
(B) 67%
(C) 100%
(D) None of (A), (B) & (C)

(71) ________ represents the resources that have been sacrificed to attain a particular objective. 

(A) Abnormal Cost
(B) Cost
(C) Cost Centre
(D) Cost Unit

(72) In an automobile company, assembly shop is called _______.

(A) Service cost centre
(B) personal cost centre
(C) cost unit
(D) Production cost centre 

(73) _______ is one of the classifications of costs by nature of traceability to a cost object as per CAS-1. 

(A) Fixed Cost
(B) Indirect Expenses 
(C) Batch Cost
(D) Operation Cost 

(74) Which of the following is the Cost accounting standard on production and operation overheads ?

(A) CAS-1
(B) CAS-3
(C) CAS-6
(D) CAS-7

(75) In assignment of overheads, if the service departments are not inter-dependent, then _______ method will be applied.

(A) Step Ladder Method 
(B) Trial and Error Method
(C) Repeated distribution method
(D) None of (A), (B) & (C)

(76) Under simultaneous equation method, two simultaneous equations are formed for
(1) Service department A = 7,020 + 0.20B & (2) B = 9,000 + 0.10A. The total cost of service department A is

(A) Rs.9,900
(B) Rs.16,020
(C) Rs.9,000
(D) Rs.1,980

(77) In a factory, overheads of a department are absorbed at the rate of Rs.5 per machine hour. The total overheads incurred and the machine hours utilized for the department for April, 2017 were Rs. 70,000 and 8,000 hours respectively. On the basis of above information, which one of the following is true ? 

(A) Rs.30,000 under absorption
(B) Rs.70,000 over absorption
(C) Rs.30,000 over absorption
(D) Rs.40,000 under absorption

(78) In a manufacturing concern, the estimated factory overheads are Rs.5,00,000 and the estimated labour hours are 50,000 for the year 2016-17. If 1,000 labour hours are used on job on.111, then overheads charged to Job no.111 as per labour hour method is _______.

(A) Rs.25,000
(B) Rs.50,000
(C) Rs.10,000
(D) None of (A), (B) & (C)

(79) Carriage and cartage expenses of indirect material used for manufacturing goods are treated as

(A) Part of production overheads
(B) Direct Cost
(C) Abnormal Cost
(D) All of (A), (B) & (C)

(80) In assignment or distribution of ovarheads to production an service departments, time keeping expense ar assigned on the basis of 

(A) Machine Hours
(B) No. of emplayees in each department
(C) No. of machines in each department
(D) Floor Area occupied

(81) In case of Gold jewellery, the cost unit is

(A) Per 5 grams
(B) Per 10 grams
(C) Per 100 grams
(D) Per customer

(82) _______ Is the aggregate of direct material cost, direct employee cost and direct expenses.

(A) Fixed Cost
(B) Overheads
(C) Factory Overheads
(D) Prime Cost

(83) The cost of drawing, design and layout is an example of

(A) Abnormal cost
(B) Indirect Expenses
(C) Indirect Material
(D) Direct Expenses

(84) in case of direct transfer of a material from one job to another within the organization, it is recorded in the store ledger account as

(A) Receipt of materials 
(B) Transfer of materials 
(C) Issue of materials
(D) None of (A), (B) & (C)

(85) Which of the following is not relating to the material purchase procedure ?

(A) Receiving purchase requisition
(B) Inviting tender from suppliers of material
(C) Issue of material to production department
(D) Preparation and execution of purchase orders

(86) On 29-9-2017, store ledger account shows three lot of material in balance:
1,500 units at Rs.20 each purchased on 25-9-2017, 500 units at Rs.10 each purchased on 27-9-2017 and 1,000 units at Rs.25 each purchased on 28-9-2017. On 30-9-2017, physical stock taking being done and 10 units are found in shortage in store, if a company follows FIFO method as pricing of issue of material, then the shortage of 10 units is recorded in store ledger account as

(A) Receipt: 10 units at Rs 20 each
(B) Receipt: 10 units at Rs.10 each
(C) Issue: 10 units at Rs.25 each
(D) Issue: 10 units at Rs.20 each

(87) In a manufacturing company, rate of consumption of an item of material is 8 to 12 units per day and its supply period is 10 to 20 days. The level at which the storekeeper will initiate the action for replennishments is _______ units.

(A) 240
(B) 80
(C) 160
(D) 120 

(88) End product and / or intermediate product units that do meet quality standards is / are referred as

(A) Spoilage
(C) Waste
(D) All of (A), (B) & (C) 

(89) Vika Ltd. purchases a material in economic order quantity (EOQ) size in a year. The annual ordering and carrying average inventory cost both are amounts to Rs.5,000. The cost of placing an order is Rs.100 each. The carrying cost of average inventory is Rs.2 per unit per annum. The price of the material is Rs.10 per unit. What shall be EOQ (unit) ?

(A) 2,500 units
(B) 1,250 units
(C) 5,000 units
(D) 6,250 units

(90) _______ Of pricing of issue ignores quantity and rate of material in opening balance in the computation of issue rate of a material to be issued to the production department.

(A) Weighted Average Method
(B) Base stock Method 
(C) Periodic Weighted Average Method
(D) None of (A), (B) & (C) 

(91) The average monthly consumption of a material is 1,200 kgs., costing Rs.500 each. The carrying cost is 2% of the average inventory per annum. The cost of placing an order is Rs.500. If a company purchases the material in economic order quantity, then annual total inventory cost is 

(A) Rs.72,12,000 
(B) Rs.72,06,000
(C) Rs.72,00,000
(D) Rs.60,00,000 

(92) In a company, weekly usage of an item of material is minimum 50 units, average 100 units and maximum 150 units. The Reorder level and the Re-order quantity are 600 units and 300 units respectively. The supply period _______ is 2 to 4 weeks. The maximum level is _______.

(A) 600 units 
(B) 1,000 units
(C) 1,200 units
(D) 800 units

(93) Rowan and Halsey bonus plan are introduced in the year ______.

(A) 1891 and 1901 respectively 
(B) 1901 and 1891 respectively
(C) 1901 only
(D) 1891 only 

(94) The standard time for a job is 24 hours and the hourly rate of wage is Rs.90. The bonus as per Halsey Bonus Plan is Rs.360. Time taken to complete the job is _______ hours.

(A) 16
(B) 08
(C) 24
(D) 04


(95) Direct material is a

(A) Fixed cost
(B) Variable cost 
(C) Semi variable cost

(96) Direct material is a

(A) Manufacturing cost
(B) Selling and distribution cost
(C) Administration cost
(D) Any of the above

(97) In manufacturing industries, the most important element of cost is

(A) Material
(B) Labor 
(C) Overheads

(98) Which of Use relieving is an accounting record? 

(A) Bill of Material 
(B) Bin card 
(C) Stores ledger 
(D) All of these

(99) Which of the following documents is used for issuing materials to productions departments?

(A) Purchase Requisition Note 
(B) Goods Received Note
(C) Stores Requisition Note 
(D) Stores Crodit Note

(100) Which of following is considered to be a normal loss of materials? 

(A) Loss due to accidents 
(B) Pilferage 
(C) Loss due to careless handling of materials
(D) Loss due to breaking the bulk 
(E) All of these

(101) According to which of the following methods of pricing, issues are close to current economic values? 

(A) First-in-first-out price 
(B) Weighted average price 
(C) Last-in-first-out price
(D) Highest-in-first-out price

(102) In which of the following methods of pricing, costs lag behind the current economic values?

(A) First-in-first-out price
(B) Last-in-first-out price 
(C) Replacement price
(D) Weighted Average Price

(103) Which of the following methods of stock control aims at concentrating efforts on selected items of materials?

(A) Perpetual inventory system 
(B) Materials turnover 
(C) Maximum, minimum and re-order level setting 
(D) ABC analysis

(104) In base stock method of pricing the material issues, the tem 'base stock' represents the 

(A) Quantity of stock being issued 
(B) Minimum stock
(C) Stock in balance 
(D) Maximum stock 

(105) Which of the following items of cost should NOT be treated as direct matenal ?

(A) Electricity representing 90% of the total cost 
(B) Thread used in stitching garments
(C) Sand paper used in production 
(D)  All of the above

(106) Continuous stock-taking is a part of

(A) Annual stock-taking 
(B) Perpetual inventory system 
(C) Periodic inventory system 
(D) ABC analysis

(107) The classification of items in ABC analysis is made on the basis of 

(A) Investment value of materials 
(B) Quantity of materials consumed
(C) Consumption value of materials 
(D) All of these

(108) In which of the following methods, issues of materials are priced at pre-determined rate?

(A)  Inflated price method
(B) Replacement price method
(C) Standard price method 
(D) specific price method 

(109) In which of the following methods, materials are issued at the price prevailing at the time of issue? 

(A) Standard price method 
(B) Specific price method 
(C) Inflated price method 
(D) Replacement price method 

(110) The storekeeper should initiate a purchase requisition when stock reaches

(A) Minimum level 
(B) maximum level
(C) re-order level 
(D) average level

(111)  Which of the following material losses should be trarisferred to Costing Profit and Loss Account? 

(A) Loss by evaporation 
(B) Loss due to b
(C) Loss due to improper storage of materials 
(D) All of these

(112) When material prices fluctuate widely, the method of pricing that given absurd results is 

(A) Simple average price
(B) Weighted average price 
(C) Average price 
(D) Inflated price

(113) When prices fluctuate widely, the method that will smooth out the effect of fluctuations Is 

(C) Simple average 
(D) Weighted average

(114) In which of the following methods, the charge to production is at actual cost? 

(A) Weighted average price 
(B) Standard price 
(C) Replacement price

(115) Expected annual usage of a particular raw material is 2,00,000 units and the economic order quantity is 10,000 units. The invoice cost of each unit is Rs. 500 and the cost to place one order is Rs. 80. The average inventory is. 

(A) 1, 00,000 units
(B) 5,000 units 
(C) 10,000 units 
(D) 7,500 units
(116) Taking the data in Q.21 above, the estimated annual ordering cost is

(A)  Rs. 1,600
(B) Rs. 10,000 
(C) Rs. 3,200
(D) Rs. 5,000 

(117) On the basis of data given in Q.21, number of order to be placed in each year are 

(A) 10
(B) 50 
(C) 20 
(D) 100

(118) When material prices are showing a rising trend, which method of pricing will show lower cost of production.

(C) Weighted average
(D) Replacement price

(119) ln periods of rising prices, which method of pricing shows higher stock values 

(C) Weighted average 
(D) Replacement price

(120) In which method, prices charged to production are at the current prices prevailing in the market

(C) Weighted average 
(D) Replacement price

(121) When prices are showing a falling tendency, which method of pricing of material issues will show higher closing stock value 

(C) Weighted average 
(D) Specific price method

(122) When production is below standard specification or quality and cannot be rectified by incurring additional cost, it is called 

(A) Defective
(B) Spoilage 
(C) Waste 
(D) Scrap

(123) Materials losses are due to some of the following reasons:

(i) Fire accident
(ii) Evaporation
(iii) Theft
(iv) Pilferage
(v) Breaking the bulk
(vi) Defective workmanship 

Which of these may be classified as normal losses?

(A) (iv), (v), (vi)
(B) (ii), (iv), (v), (vi)
(C) (i), (iii), (vi)
(D) (iii), (iv)
(E) All of these

(124) Documents used in a material control system include the following

(i) Purchase Requisition Note
(ii) Bill of Materials
(iii) Purchase Order
(iv) Stores Requisition Note 
(v) Good? Received Note
(vi) Materials abstract

Which of these documents relate to purchase of material in a centralized purchase Organization?

(A) (i), (ii), (iv)
(B) (ii), (iii), (v)
(C) (iii), (iv), (v) 
(D) (i), (iv), (v) 


(125) In which of the following incentive plans of wages payment, wages on time basis are NOT guaranteed?

(A) Halsey plan 
(B) Taylor's differential piece rate system
(C) Rowan plan 
(D) Gantt's task and bonus system

(126) Under the high wage plan, a worker is paid 

(A) At a time rate higher than the usual rate
(B) at a double rate for overtime
(C) According to his efficiency
(D) Normal wages plus bonus

(127) Which of the following incentive methods of wage payment should be used for direct workers.

(A) Rowan plan 
(B) Gantt's task and bonus plan
(C) Taylr's differential piece rate system
(D) All of the above 
(E) None of the above

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

(A) Piece rate system 
(B) Differential piece work system
(C) Time rate system 
(D) Halsey premium system 

(129) Cost of Idle time arising due to non-availability of raw material is 

(A) Charged to Costing Profit and Loss A/c
(B) recovered by inflating the wage rate
(C) charged to factory overheads

(130) When overtime is required for meeting urgent orders, overtime premium should be

(A) Charged to Costing Profile and Loss Alc
(B) Charged to respective jobs
(C) Charged to overhead costs 

(131) Wages sheet is prepared by 

(A) time-keeping department 
(B) Payroll department
(C) personnel department
(D)Cost accounting department

(132) Time and motion study is conducted by the 

(A) time-keeping department 
(B) Payroll department
(C) personnel department 
(D) engineering department

(133) Labor productivity is measured by comparing 

(A) Actual time with standard time 
(B) Added value for the product with total wage cost
(C) Total output with total man hours 
(D) None of the above

(134) Labor turnover is measured by

(A) Number of workers replaced / average number of workers 
(B) Number of workers left / number in the beginning plus number at the end. 
(C) Number of workers joining / number in the beginning of the period. 
(D) All of these
(E) None of these

(135) Under Gantt's Task and Bonus plan, no bonus is payable to a worker if his efficiency less than 

(A) 50%
(B) 66 2/3 
(C) 83 1/3
(D) 100% 

(136) Under Emerson's Efficiency System; no bonus is payable when efficiency is up to

(A) 50%
(B) 66 2/3 % 
(C) 83 1/3 
(D) 100% 

(137) When standard outputs is 10 units per hour and actual output is 12 units per hour, that efficiency is 

(A) 80% 
(B) 100% 
(C) 120% 
(D) Non Of these 

(138) 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 Halsy Premium Plan?

(A) Rs. 18 
(B) Rs. 16
(C) Rs. 14
(D) Rs. 12

(139) What will be the amount of wages if Halsey-weir plan is applied on the data in Q.14 above?

(A) Rs. 13.00 
(B) Rs. 13.20 
(C) Rs. 13.80
(D) Rs. 14.00

(140) Using data as given Q.14 above, what will be the amount of wages under time rate system? 

(A) Rs. 16 
(B) Rs. 12 
(C) Rs. 14 
(D) Rs. 18

(141) Using data as given in Q.14 above what will be the amount of bonus under Rowan plan? 

(A) Rs. 2 
(B) Rs. 3 
(C) Rs. 4
(D) None of the above

(142) Using data as given in Q.14 above, what is the amount of bonus under Halsey plan? 

(A) Rs. 2 
(B) Rs. 3 
(C) Rs. 4
(D) Nill

(143) Standard output is 100 units per day of 8 hours and the piece rates are 20 paisa per unit and 15 paisa per unit under Taylor's differential piece rate system, what will be amount of wages if a worker produces 95 units in a day ?

(A) Rs. 14.00 
(B) Rs. 14.25 
(C) Rs. 18.50 
(D) Rs. 19.00

(144) Given he data in Q. 19 above, what will be the amount of wages under Taylor's differential piece rate system, if a worker produces 101 units in a day ?

(A) Rs. 15.15 
(B) Rs. 20.00 
(C) Rs. 20.15 
(D) Rs. 20.20

(145) Comparing Rowan and Halsey Premium plans, it is seen that when the time saved is less than 50% of the time saved.

(A) Rowan plan allows more wages to a worker than Halsey plan 
(B) Rowan plan allows less wages to a worker than Halsey plan 
(C) Rowan and Halsey plan allow equal wages to a worker.

(146) When time saved is 40% of the standard time, Halsey plan allows.

(A) more wages than Rowan plan
(B) equal wages as compared to Rowan plan
(C) less wages than Rowan plan

(147) Wages under Rowan and Halsey plans are Exactly equally when time saves is 

(A) MI
(B) 50 % of the standard time
(C) both (a) and (b) 

(148) Standard time is 60 hours and quaranteed time rate is 30 paise per hour. What is the amount of wages is job is completed in 48 hours? Rowan plan is in use. 

(A) Rs. 24.00
(B) Rs. 17.28 
(C) Rs. 20.40 
(D) Rs. 26.80 

(149) Which of the following group incentives plan? 

(A) Priest man plan
(B) Halsey Weir plan
(C) Badaux plan
(D) All of these

(150) Wage sheet is prepared by -

(A) Sales department
(B) Payroll department
(C) Accounts department
(D) Marketing department

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