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

61. __________ time is paid by the employer.
a) Idle Time
b) Overtime
c) Normal time
d) Abnormal time

62. Idle time is caused by ___________ .
a) Power Failure
b) Machine breakdown
c) Waiting for work
c) All of the above

63. Normal Idle Time wages are charged to _____________ overheads.
a) Direct
b) Indirect
c) Factory
d) None of the above

64. __________ time causes excess labour cost.
a) Over Time
b) Idle Time
c) Normal time
d) Abnormal time

65. Time spent to overcome fatigue is ____________.
a) Normal
b) Abnormal
c) Over
d) None of the above

66. Machine setting time is __________ idle time.
a) Normal
b) Abnormal
c) Over
d) None of the above

67. Traveling time from one job to another job is __________ idle time.
a) Normal
b) Abnormal
c) Over
d) None of the above

68. Machine breakdown is _________ idle rate.
a) Over
b) Normal
c) Abnormal
d) None of the above

69. Power failure is _________ idle time.
a) Over
b) Normal
c) Abnormal
d) None of the above

70. Overtime premium increases _________ of plant & machinery.
a) Balance sheet
b) Depreciation
c) Financial P & L A/c
d) Costing P & L A/c

Answer: 61) Idle Time 62) Power Failure 63) Factory 64) Over Time 65) Normal 66) Normal 67) Normal 68) Abnormal 69) Abnormal 70) Depreciation