Wages under this system is paid for the time worked irrespective of the volume of production during that time

Related MCQs

• Under Piece Rate System wages are paid according to
• In time wage system, wages are paid according to the……………….
• …………………budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
• 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……………….
• The per unit expense of the ……………portion factory overhead varies with the volume of production while………………..portion remains the same with volume.
• Standard time for a job is 8 hours and actual time taken is 6 hours. What is the total wages payable under Halsey plan if wage rate is Rs. 10 per hour?
• Which of the following items should be included in a cash budget? (i) Loan repayments (ii) depreciation charges (iii) tax provision (iv) wages paid
• Payment on the basis of the work done irrespective of the time taken by the worker is called:
• Formula of calculation of wages under Halsey Premium System is……
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….