The following is an example of indirect labour cost

Related MCQs

• Classification of overheads into indirect material, indirect labour and indirect expenses come under:
• An aggregate of indirect material, indirect labourand indirect expenses is called
• Labour cost variance is the difference between standard cost of labour and………..
• In a period Rs. 50,000 was incurred on indirect labour. In a Cost Ledger, the double entry will be:
• Indirect labour costs do not include
• 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
• ………………….budget may be classified into material cost budget, labour cost budget and overhead budget.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• Replacement cost of labour includes cost of
• When there are frequent changes in the labour force, labour turnover is said to be