Accounting Practice MCQ Page 10

Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 1427   In which of the following incentive plan of wages payment, wages on time basis are NOT guaranteed?
  1. Halsey plan
  2. Rowan plan
  3. Taylor's differential piece rate system
  4. Gantt's task and bonus system
Question: 1429   Which of the following methods of wage payment is most suitable where quality and accuracy of work is of primary importance?
  1. piece rate system
  2. differential piece work system
  3. time rate system
  4. Halsey premium system
Question: 1430   Cost of idle time arising due to non-availability of raw material is
  1. charged to costing profit and loss A/C
  2. charged to factory overheads
  3. recovered by inflating the wage rate
  4. all of these
Question: 1432   When overtime is required for meeting urgent orders, overtime premium should be
  1. charged to costing profit and loss A/c
  2. charged to overhead costs
  3. charged to respective jobs
  4. all of these
Question: 1433   Time and motion study is conducted by the
  1. time keeping department
  2. payroll department
  3. personnel department
  4. engineering department
Question: 1435   Labour productivity is measured by comparing
  1. actual time with standard time
  2. total output with total man hours
  3. added value for the product with total wage cost
  4. none of the above
Question: 1436   When standard outputs is 10 units per hour and actual output is 12 units per hour , the efficiency is
  1. 80%
  2. 120%
  3. 100%
  4. none of these
Question: 1438   Wages sheet is prepared by
  1. time keeping department
  2. payroll department
  3. personnel department
  4. cost accounting department
Question: 1443   Given that for a job, standard time is 8 hours, actual 6 houre and the time rate is Rs 2per hour what is the total wages under halsey premium plan
  1. Rs 18
  2. Rs 14
  3. Rs 16
  4. Rs12
Question: 1449   using data as given in Q. 314 above, what will be the amount of wages under time rete system
  1. RS. 12
  2. RS.14
  3. 16
  4. 18.
Question: 1451   Using data as given in Q. 314 above, what will be the amount of bonus under rowan plan
  2. RS. 2
  3. RS. 3
  4. RS. 4
  5. None of the above
Question: 1453   using data as given in Q 3.14 above, what is the amount of bonus under Halsey plan
  1. RS. 2
  2. RS.3
  3. RS.4
  4. Nil

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
1427 . C       1429 . B       1430 . A       1432 . C       1433 . D       1435 . D       1436 . C       1438 . C       1443 . C       1449 . A       1451 . B       1453 . A      

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