Formula of calculation of wages under Halsey Premium System is……

Related MCQs

• Standard time for a job is 8 hours and actual time taken is 6 hours. What is the total wages payable under Halsey plan if wage rate is Rs. 10 per hour?
• In the Halsey Premium Plan, bonus is usually set at what % of the time saved?
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• Recording time for attendance purpose and for calculation of wages is done through
• Wages under this system is paid for the time worked irrespective of the volume of production during that time
• Under Piece Rate System wages are paid according to
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• Payment of wages Rs. 5,000. Under Integrated Accounts, the transaction will appear as
• In time wage system, wages are paid according to the……………….
• Which of the following items should be included in a cash budget? (i) Loan repayments (ii) depreciation charges (iii) tax provision (iv) wages paid