Costing - Study Mode
[#951] "Calculate workers recruited and joined from the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80"
Correct Answer
(A) 112
[#952] Calculate the labour turnover rate according to replacement method from the following: No of workers on the payroll: - At the beginning of the month: 500 - At the end of the month: 600 During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme
Correct Answer
(B) 1.82%
Explanation
Solution: Replacement method = No of worker replaced during the period/Average no of workers at same period × 100 No of worker replaced during the period = 10 Average no of workers = (500+600)/2= 550 ∴10/ 550 × 100 =1.82%
[#953] In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as
Correct Answer
(D) by-product
Explanation
Solution: In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as by-product.
[#954] Difference between final sales value and separable costs is equal to
Correct Answer
(B) net realizable value
Explanation
Solution: Difference between final sales value and separable costs is equal to net realizable value. The net realizable value method allocates joint costs on the basis of the final sales value less separable costs.
[#955] As compared to sale value of main products, by-products have
Correct Answer
(A) low sale value
Explanation
Solution: As compared to sale value of main products, by-products have low sale value. When the process of making one thing results in a second product as well, that second thing is called a byproduct.