Labour cost control embraces the following activities except:

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Question:
Labour cost control embraces the following activities except:

1.Recruitment and promotion

2.Formulation of wage policy and payment and accounting for wages

3.Allocation of cost

4.Preparation of financial statement

Posted Date:-2021-11-19 11:12:29

More MCQS Questions and answers

  1. Normal stores losses are:
  2. A method of dealing with overheads involves spreading common costs over cost centres on the basis of benefit received. This is known as
  3. A variable cost is?
  4. About 50 items are required every day for a machine. A fixed cost of 50 per order is incurred for placing an order. The inventory carrying cost per item amounts to Re. 0.02 per day. The lead period is 32 days. Compute reorder level.
  5. Annual requirement is 7800 units; consumption per week is 150 units. Unit price 5, order cost 10 per order. Carrying cost 1 per unit and lead time is 3 week, The Economic order quantity would be.
  6. At the start of the quarter there were 14,630 workers. 750 employees left during the quarter while 600 joined the organization during the same period. Using the flux method, the labour turnover was:
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  10. Group bonus schemes are generally suitable where:
  11. How many units would the company have to sell to attain target profits of 600,000?
  12. If Cost of goods sold = 40,000; GP Margin = 20% of sales Calculate the Gross profit margin.
  13. If time allowed for a job is 10 hours, time taken for the job is 8 hours and rate of pay is 2 per hour, the bonus to the worker is:
  14. If, COGS = 50,000 GP Margin = 25% of sales what will be the value of Sales?
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  34. The purposes served by preparation of payroll or wages sheet include:
  35. The short run is a time period in which:
  36. The unavoidable causes of labour turnover include the following except:
  37. Time study serves the following purposes except:
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  50. _______ represents that quantity of material which is normally ordered when a particular material reaches the ordering level.
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