Labour Cost MCQ with Answers | Cost Accounting MCQs (Free Resource)

21. _________ is a periodic statement of wages.
a) Pay Roll
b) Pay slip
c) Job Card
d) Job Sheet

22. Net wages are gross wages less __________ .
a) Deduction
b) Wage
c) Gross wage
d) None of the above

23. Analysis of wages paid to each worker is called ________ abstract.
a) Net wage
b) Gross wage
c) Wage
d) None of the above

24. _________ is turnover of workers.
a) Labour Turnover
b) Stock Turnover
c) Debtor’s Turnover
d) None of the above

25. Low wages cause ________ .
a) Stock Turnover
b) Debtor’s Turnover
c) Labour Turnover
d) All of the above

26. Flux method is used to calculate ___________.
a) Debtor’s Turnover
b) Stock Turnover
c) Labour Turnover
d) None of the above

27. Labour turnover leads to high_________.
a) Cost
b) Productivity
c) Labour
d) None of the above

28. Cost of labour turnover may be ___________ or replacement.
a) Preventive
b) Replacement
c) Both a & b
d) None of the above

29. Medical services cost is ____________ cost.
a) Replacement
b) Preventive
c) Both a & b
d) None of the above

30. Cost of welfare services is _________ cost.
a) Preventive
b) Replacement
c) Both a & b
d) None of the above

Answer: 21) Pay Roll 22) Deduction 23) Wage 24) Labour Turnover 25) Labour Turnover 26) Labour Turnover 27) Cost 28) Preventive 29) Preventive 30) Preventive