5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting
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We have prepared Labor Costing MCQs
December 2017
quiz for the students to get clear their
concepts. This quiz may also be helpful
for their objective exams and to prepare
themselves for job interviews. Labor
Costing MCQs quiz consists of 7
ADVERTISEMENT
questions with 4 options for each
question. Students need to choose the
correct answer.
Below you can take Labor Costing
multiple choice questions quiz.
Congratulations – you have completed
Labor costing mcqs quiz.
You scored 40 points out of 70 points
total.
Your correct answers: 4
Your wrong answers: 3
Your answers are shown below:
RECENT ARTICLES
1. The wages paid to a joiner who
constructs a wooden mould for MATERIAL COSTING
concrete laying on a building Methods and Principles of Codification
0 COMMENTS
contract should be as:
Direct labour cost of the contract. MATERIAL COSTING
Stores management in manufacturing
0 COMMENTS
Indirect labor cost of the contract.
MATERIAL COSTING
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5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting
Fixed labor cost of the contract. Store Keeping
HOME FINANCIAL ACCOUNTING COST & MANAGEMENT ACCOUNTING Q&A SHORT QUESTIONS 0 COMMENTS
MCQS
Non-controllable cost of the contract.
MATERIAL COSTING
Receiving and Inspection of the mater
0 COMMENTS
2. Overtime premium pay may be
correctly defined as:
MATERIAL COSTING
The bonus paid to skilled workers. Material Cost
0 COMMENTS
The increased payment during
overtime hours because of increased
rates of pay.
The payment for all hours in excess of
the basic working week.
A premium paid to workers to
compensate for fatigue.
3. Vacation pay for factory workers
should be charged to:
Work-in-process inventory.
You
Direct labor. 0 pts VS M
Factory overhead.
What minor-league t
did Denver Bronco
Administrative expenses. quarterback John El
play for?
4. Labor turnover rate is best Oneonta, New York
defined as: Duluth, Minnesota
Harrisburg, Pennsylva
Billings, Montana
The number of employees successfully
completing the required job training Create your own at
programme.
The degree of mobility of employees
from one department to another.
The number of employees recruited
each week.
COST ACCOUNTING M
The number of laborers replaced
divided by the average number of
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5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting
divided by the average number of
Introduction to cost accounting – MCQ
HOME FINANCIAL ACCOUNTING COST &employees
MANAGEMENTon the payroll. Q & A
ACCOUNTING SHORT QUESTIONS MCQS
Process Costing MCQs
Specific Order Costing MCQs
5. Which of the following method of
Overhead Costing MCQs
remuneration is most likely to give
stability of labor cost of the Material Costing MCQs
employer: Cost Concept, Analysis and Classifica
Responsibility Accounting – Multiple C
Straight piecework.
Measured day work. ACCOUNTING MCQS T
Premium bonus scheme. Accounting and Finance MCQs Test 1
Accounting and Finance MCQs Test 2
Group bonus scheme.
Accounting and Finance MCQs Test 3
Accounting and Finance MCQs Test 4
6. Which of the following is the
Accounting and Finance MCQs Test 5
most relevant use of the clock card:
Accounting and Finance MCQs Test 6
To measure employee efficiency.
FILL IN THE BLANKS
To facilitate payment for time spent
on the work premises. Cash flow statement – Fill in the blank
Manufacturing accounts – Fill in the bl
Dissolution of partnership – Fill in the
To allow labor time to be charged to the Retirement and death of a partner – Fil
individual job. Admission of new partner – Fill in the
Financial statement – Fill in the blanks
Dividend and bonus – Fill in the blanks
To allow calculation of bonus payment.
Formation and organization – Fill in th
Issuance of shares and debenture – Fi
7. Which of the following is usually
prepared daily by employees for Distribution of profit & loss – Fill in the
each job worked on:
Labor job ticket
Punch card
Time card
Cost control card
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