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

51. Under ____________ bonus is paid to the workers in proportion to time saved and time allowed.
a) Rowan Plan
b) Halsey Plan
c) Piece Rate
d) Time Rate

52. Under ______________ plan two rates are fixed.
a) Halsey Plan
b) Taylor’s Piece Rate
c) Rowan Plan
d) None of the above

53. Under _________ plan three piece rates are fixed.
a) Merrick Differencial Piece Rate
b) Taylor’s Different Piece Rate
c) Co-partnership
d) Bedeaux plan

54. ___________ plan does not penalise the workers who produces below standard output.
a) Taylor’s Different Piece Rate
b) Merrick Differential Piece Rate
c) Rowan Plan
d) None of the above

55. Under Halsey Premium Plan, ________ % of time saved is shared by employer.
a) 110
b) 115
c) 50
d) 120

56. A worker has a time rate of ` 15 per hour. He makes 720 units of a component (standard time 5 minutes per unit) in a week of 48 hours. His total wages including Rowan Bonus for the week is ________.
a) 792
b) 820
c) 840
d) 864

57. The standard time required per unit of a product is 20 minutes. In a day of 8 working hours, a worker gives an output of 30 units. If he gets a time rate of ` 20 per hour, his total earnings under Halsey Plan was ________
a) 200
b) 192
c) 180
d) 160

58. The standard time required per unit of a product is 20 minutes. In a day of 8 working hours a worker gives an output of 30 units. If he gets a time rate of ` 20 per hour his total earning under Halsey bonus scheme is ____
a) 200
b) 192
c) 180
d) 160

59. A worker is allowed 60 hours to complete a job on a guaranteed wage of ` 10 per hour. He completes the job in 48 hours. How much will he under Halsey Plan?
a) 540
b) 450
c) 640
d) 700

60. Standard time per piece is 12 minutes normal rate per hour (in 8 hours a day) ` 20. Mr. A produced 37 units this earning under Taylor’s differential piece plan is __________
a) 122.84
b) 125
c) 130
d) 140

Answer: 51) Rowan Plan 52) Taylor’s Piece Rate 53) Merrick Differencial Piece Rate 54) Merrick Differencial Piece Rate 55) 50 56) 864 57) 180 58) 180 59) 540 60) 122.84