Labour flux rate denotes the:

Related MCQs

• 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
• According to Merrick’s multiple piece rate system, the piece rate applicable to a worker with an efficiency of 100 % or above is _____ of normal piece rate
• Labour rate variance is computed by multiplying the
• The rate of change in the composition of the labour force in an organization is known as
• Taylors differential piece rate system provides for higher rate to …….workers.
• Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output.
• Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between……………….of the standard output.
• Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between……………….of the standard output.
• 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