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

31. Pension scheme can ___________ labour turnover.
a) Increase
b) Decrease
c) Maintain
d) All of the above

32. Replacement cost is associated with ____________ of labour.
a) Appointment
b) Termination
c) Replacement
d) All of the above

33. Cost of accident is __________ cost.
a) Replacement
b) Preventive
c) Sunk cost
d) All of the above

34. Unavoidable cause of labour turnover may be ____________ of employee.
a) Exit interview, Better facilities, Better pay
b) Low wages, Lack of Training, Lack of Proper HR Policies
c) Death, Retirement, Marriage
d) All of the above

35. Exit interview can _________ labour turnover.
a) Reduce
b) Increase
c) Maintain
d) None of the above

36. In a firm, there were 750 employees on 1st April. During the month 120 employees were left and 250 employees were appointed. No. of the employees on 30th April were.
a) 1,000
b) 880
c) 550
d) 630

37. Under _________ system wages are paid at a fixed rate.
a) Time Rate
b) Piece Rate
c) Rowan Plan
d) Halsey Plan

38. Under __________ system output of worker is not relevant.
a) Rowan Plan
b) Time Rate
c) Halsey Plan
d) Piece Rate

39. Under _________ system wages are guaranteed for time taken.
a) Time Rate
b) Rowan Plan
c) Piece Rate
d) None of the above

40. ___________ system reduces rough handling of machines.
a) Time Rate
b) Piece Rate
c) Rowan Plan
d) Halsey Plan

Answer: 31) Decrease 32) Replacement 33) Replacement 34) Death, Retirement, Marriage 35) Reduce 36) 880 37) Time Rate 38) Time Rate 39) Time Rate 40) Time Rate