Cost Accounting

M

Mr. Dubey • 51.17K Points
Coach

Q 41. Which of the following costs is not a factory overhead expense?

(A) Indirect wages
(B) Depreciation of plant and machinery
(C) Audit fees
(D) Machine maintenance labour cost
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M

Mr. Dubey • 51.17K Points
Coach

Q 42. Example of semi-variable overhead items include the following except:

(A) Telephone
(B) Repairs and maintenance
(C) Depreciation of plant and machinery
(D) Insurance of plant and building
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M

Mr. Dubey • 51.17K Points
Coach

Q 43. If an item of overhead expenditure is charged specifically to a single department this would be an example of:

(A) Apportionment
(B) Allocation
(C) Re-apportionment
(D) Absorption
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Mr. Dubey • 51.17K Points
Coach

Q 44. The process of distribution of overheads allotted to a particular department or cost center over the units produced is called:

(A) Allocation
(B) Apportionment
(C) Absorption
(D) Departmentalization
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M

Mr. Dubey • 51.17K Points
Coach

Q 45. Overhead expenses can be classified according to

(A) Functions
(B) Elements
(C) Behavior
(D) All of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 46. How many piece rates are set for each job in Taylor’s differential piece rate system?

(A) Two
(B) Three
(C) Four
(D) Many
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Mr. Dubey • 51.17K Points
Coach

Q 47. Payment on the basis of the work done irrespective of the time taken by the worker is called:

(A) Time rate system
(B) Premium plan
(C) Piece rate system
(D) Bonus plan
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Mr. Dubey • 51.17K Points
Coach

Q 48. Which of the following is a mechanical method of time keeping?

(A) Time recording clock
(B) Metal disc method
(C) Attendance register method
(D) None of the above
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Mr. Dubey • 51.17K Points
Coach

Q 49. Personal cause of labour turnover is:

(A) Unfair method of promotion
(B) Dislike for the job or place
(C) Unsatisfactory working conditions
(D) None of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 50. Unavoidable cause of labour turnover is:

(A) Low wages
(B) Unsatisfactory working conditions
(C) Long hours of work
(D) Retrenchment due to shortage of work
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