761. When extra time is needed for meeting urgent orders, extra time premium ought to be:
A. Added to the profit and loss account for costs
B. Charged to overhead costs
C. Charged to respective jobs
D. None of the above
762. Wages sheet is prepared by:
A. Time-keeping department
B. Payroll department
C. Personnel department
D. Cost accounting department
763. Time and motion study are conducted by:
A. Time-keeping department
B. Payroll department
C. Personnel department
D. Engineering department
764. Labour productivity is measured by comparing:
A. Actual time with standard time
B. Total output with total man-hours
C. The product’s added value in relation to the total wage cost
D. None of the above
765. Labour turnover is measured by:
A. Number of laborers replaced average number of laborers
B. Number of workers left-i-number at the beginning plus the number at the end
C. The number of employees hired at the beginning of the period
D. All of these
E. None of these
766. A worker will not receive a bonus under Gantt’s Task and Bonus plan if his efficiency falls below:
A. 50 %
B. 83’/3 %
C. 662/3 %
D. 100 %
767. Under Emerson’s efficiency system, no bonus is payable when efficiency is up to:
A. 50 %
C. 662/3 %
B. 83’/3 %
D. 100 %
768. Prime cost is calculated as under:
A. Manufacturing Cost/Cost of Goods Sold
B. Direct Method plus factory overheads
C. Direct labor + Direct Material
D. None of these
769. Expenses such as rent and depreciation of a building are shared by several departments; these are:
A. Indirect expenses
B. Direct expenses
C. Joint expenses
D. All of the above
770. The time lag between indenting and receiving material is called:
A. Lead time
B. Idle time
C. Stock out time
D. None of these
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