1. ………………..is maintained to know how the worker’s time shown by the time card is spent on various jobs.

(A) Daily time sheets
(B) weekly time sheets
(C) job cards
(D) none of the above



2. In time wage system, wages are paid according to the……………….

(A) Production
(B) time
(C) both a & b
(D) none of these



3. Under piece rate system of wage payment, payment is made according to the…………………

(A) Quantity of work done
(B) time
(C) both a&b
(D) none of these



4. 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……………….

(A) 40
(B) 37.50
(C) 35
(D) none of these



5. Taylors differential piece rate system provides for higher rate to …….workers.

(A) Inefficient
(B) efficient
(C) both a & b
(D) lazy



6. …………………..is most suitable when quality of work is of prime importance.

(A) Piece rate system
(B) time wage system
(C) both a & b
(D) none of these



7. Formula of calculation of wages under Halsey Premium System is……

 (A) R + %(S-T)R
(B) R x S x T
(C) S-T x T x R
(D) T x R+ % (S-T) R 


8. 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.

(A) 83% and 100%
(B) 100% and 120%
(C) 0% and 83%
(D) none of these



9. 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.

(A) 83% and 100%
(B) 100% and 120%
(C) 0% and 83%
(D) none of these



10. 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) 0% and 100%
(B) 0% and 120%
(C) 0% and 83%
(D) none of these




More MCQs on Cost Accounting