MCQ for CA Intermediate COSTING - Chapter 3 - EMPLOYEE COST

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 1 - COST AND MANAGEMENT ACCOUNTING - Chapter 3: EMPLOYEE COST - For Practice relevant for May/November 23 Examinations

 

Q1. Idle time is the time under which- 

  1. Full wages are paid to workers
  2. No productivity is given by the workers
  3. Both (a) and (b)
  4. None of the above

Answer: 3

Q2. Time and motion study is conducted by- 

  1. Time keeping department 
  2. Personnel department
  3. Payroll department
  4. Engineering department

Answer: 4

Q3. Labour turnover is measured by- 

  1. Number of persons replaced/ average number of workers 
  2. Numbers of persons separated / number of workers at the beginning of the year 
  3. (Number of persons replaced + number of persons separated)/(number of persons at the beginning + the number of persons at the end of the year) 
  4. None of the above

Answer: 1

Q4. Employee Cost includes-

  1. Wages and salaries
  2. Allowances and incentives
  3. Payment for overtime
  4. All of the above

Answer: 4

Q5. Important factors for control of employee cost can be- 

  1. Time and Motion Study
  2. Control over idle time and overtime
  3. Control over employee turnover
  4. All of the above

Answer: 4

Q6. If overtime is required for meeting urgent orders, the overtime premium should be charged as- 

  1. Respective job
  2. Overhead cost
  3. Costing P & L A/c
  4. None of above

Answer: 1

 

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