Labour which takes an active and direct part in the production of a product is known as

Related MCQs

• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• 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
• 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
• Labour cost variance is the difference between standard cost of labour and………..
• When there are frequent changes in the labour force, labour turnover is said to be
• Which of the following is not direct labour:
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• Direct material + Directlabour + direct expenses =
• Entry under Integrated system for : Issues of Direct Materials for production
• Entry under Integrated system for : Purchases of Direct Materials for production