The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is

Related MCQs

• ………………………. is one which can be conveniently identified with and charged to a particular unit of cost.
• 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
• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• Each job has a ______ prepare for it that bears the job number and which is used to collect all cost data relating to job.
• What we prepare for each job that bears the job number and which is used to collect all cost data relating to job is:
• Labour cost variance is the difference between standard cost of labour and………..
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• ABC Ltd. has furnished the following information for 4,000 units of product for the year 2014-2015 : Particulars Rs. Direct materials 2,50,000 Direct labour 2,00,000 Manufacturing overheads 2,80,000 (40 % fixed) Selling and administrative overheads 2,70,000 (30 % fixed) The total cost of 4,380 unit is
• When there are frequent changes in the labour force, labour turnover is said to be