711. Under Taylor’s differential piece rate system, standard output is 100 units per day, and piece rates are 20 cents per unit and 15 cents per unit. If a worker produces 95 units per day, how much will they earn?
A. 14.00 $
B. 18.50 $
C. 12.25 $
D. 14.25 $
712. Looking at Rowan and Halsey premium plans, It is seen that when the time saved is under half of the time saved,
A. Rowan’s plan provides workers with higher wages than Halsey’s plan.
B. The Rowan plan provides workers with lower wages than the Halsey plan.
C. Rowan and Halsey plan permit equivalent wages to a specialist
D. None of them
713. Wages Under Rowan and Halsey plans are exactly equal when time saves are:
A. Nil
B. 50% of the standard time
C. Both A and B
D. None of them
714. Which of the following is a group incentive plan?
A. Priestman plan
B. Halsey weir plan
C. Badaux plan
D. All of these
715. The allotment of whole items of cost to cost centres or cost units is called:
A. Cost allocation
B. Overhead absorption
C. Cost apportionment
D. Overhead allotment
716. Packing cost is a:
A. Production cost
B. Distribution cost
C. Selling cost
D. Any or all of the aforementioned
717. Director’s remuneration and expenses form a part of:
A. Production overhead
B. Selling overhead
C. Administration overhead
D. Distribution overhead
718. Salary of a foreman should be classified as a:
A. Fixed overhead
B. Variable overhead
C. Semi fixed or semi-variable overhead
D. None of them
719. Overheads incurred solely as a result of a cost center’s existence are billed to that cost center as follows:
A. Allocation
B. Absorption
C. Apportionment
D. Allotment
720. Overtime premium which is paid to direct labor is charged to which of the following head in case of normal circumstances?
A. Work in process account
B. Entire production
C. Factory overhead Cost account
D. Selling control account
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