Costing - Study Mode
[#496] Bin card is maintained by ________.
Correct Answer
(B) stores department
Explanation
Solution: Bin card is maintained by stores department. Store ledger is prepared by cost accounting department. Bin card is a record of quantity only. Store ledger is a record of quantities and values.
[#497] Labour turnover is ______.
Correct Answer
(C) change in labour force
Explanation
Solution: Labour turnover is change in labour force. Labour turnover may be defined as the number of workers replaced during a given period relative to the average labour force during the period. It is the number of workers who left the job during a period relative to the average labour force during the period.
[#498] Idle time is ________.
Correct Answer
(C) time spent by workers off their work
Explanation
Solution: Idle time is time spent by workers off their work. Idle time is unproductive time on the part of employees or machines caused by management or as a result of factors beyond their control. Idle time is the time associated with waiting, or when a piece of machinery is not being used but could be.
[#499] In__________ the workers are paid on the basis of hourly daily,weekly rate
Correct Answer
(A) time rate system
Explanation
Solution: In time rate system the workers are paid on the basis of hourly daily, weekly rate. Under this method of wage payment, the workers are paid the wages on the basis of time. In this system of wage payment, the workers are paid the wages on the basis of time as, per hour, per day, per week, per fortnight or per month etc.
[#500] Difference between attendance time and job time is _______.
Correct Answer
(D) idle time
Explanation
Solution: Difference between attendance time and job time is idle time. Idle time is unproductive time on the part of employees or machines caused by management or as a result of factors beyond their control. Idle time is the time associated with waiting, or when a piece of machinery is not being used but could be.