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……………….

Related MCQs

• Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………
• 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.
• In time wage system, wages are paid according to the……………….
• If the amount of work certified is less than…......... of the contract price, then no profit should be taken to Profit & Loss Account.
• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .
• The total variable cost.......................................in total proportion to output.
• Wages paid to a labour who was engaged in production activities can be termed as.
• All those liabilities which are payable in cash in the normal course of business within a period of one year are called _.