{"id":5365,"date":"2021-09-03T11:19:12","date_gmt":"2021-09-03T05:49:12","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=5365"},"modified":"2025-10-07T19:25:25","modified_gmt":"2025-10-07T13:55:25","slug":"labour-cost-mcq-with-answers","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/labour-cost-mcq-with-answers\/","title":{"rendered":"Labour Cost MCQ with Answers | Cost Accounting MCQs (Free Resource)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Labour Cost MCQ with Answers<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ--1024x576.png\" alt=\"Labour Cost MCQ with Answers\" class=\"wp-image-5379 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ--1024x576.png 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ--300x169.png 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ--768x432.png 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ--1536x864.png 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/Labour-Cost-MCQ-.png 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption class=\"wp-element-caption\">Material Cost MCQ<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/cost-accounting-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/cost-accounting-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\">MCQs on other topics of Cost Accounting <\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" data-type=\"URL\" data-id=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cost Accounting MCQs pdf <\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1. Dial Time recorder has ___________ holes.<br><\/strong>a) 360 <br>b) 200 <br>c) 500 <br>d) 160<\/p>\n\n\n\n<p><strong>2. _________ card is placed at the entrance of the factory.<\/strong><br>a) Job card <br>b) Clock Card <br>c) None of the above<\/p>\n\n\n\n<p><strong>3. Time __________ is essential for costing purpose.<\/strong><br>a) Records <br>b) Booking <br>c) Costing <br>d) None of the above<\/p>\n\n\n\n<p><strong>4. ________ shows effective use of time.<br><\/strong>a) Time allowed <br>b) Effective use of time <br>c) Idle Time Card <br>d) None of the above<\/p>\n\n\n\n<p><strong>5. Piece workers are paid wages on <em>__________<\/em> basis.<br><\/strong>a) Piece Rate <br>b) Time Rate <br>c) Time saved basis <br>d) None of the above<\/p>\n\n\n\n<p><strong>6. Casual workers are appointed in place of _________ .<br><\/strong>a) Retrenched workers <br>b) Absentees <br>c) Sincere workers <br>d) None of the above<\/p>\n\n\n\n<p><strong>7. Time ________ is necessary for pay roll.<br><\/strong>a) Keeping <br>b) Records <br>c) Booking <br>d) None of the above<\/p>\n\n\n\n<p><strong>8. Time __________ is done to ascertain labour cost.<br><\/strong>a) Records <br>b) Booking <br>c) Controlling <br>d) None of the above<\/p>\n\n\n\n<p><strong>9. <em>____________<\/em> sheet is the method of time booking.<br><\/strong>a) Daily Time <br>b) Attendance Register <br>c) Time clock <br>d) None of the above<\/p>\n\n\n\n<p><strong>10. The card which shows time spent by a worker is called __________ card.<br><\/strong>a) Job Ticker <br>b) Salary slip <br>c) Job  <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <span class=\"has-inline-color has-vivid-red-color\">1)160  2) Clock Card  3) Booking  4) Idle Time Card  5) Piece Rate  6) Absentees  7) Keeping  8) Booking  9) Daily Time  10) Job<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>11. Workers who work outside the factory premises are called as __________ works.<br><\/strong>a) Out <br>b) Job <br>c) Casual <br>d) Badli<\/p>\n\n\n\n<p><strong>12. _________ accounting is concerned with computation of wages.<br><\/strong>a) Pay roll <br>b) Muster roll <br>c) Pay slip <br>d) None of the above<\/p>\n\n\n\n<p><strong>13. ________ roll shows details of wages paid.<br><\/strong>a) Pay <br>b) Muster <br>c) Both (A) &amp; (B) <br>d) None of the above<\/p>\n\n\n\n<p><strong>14. ________ sheet shows gross wages.<br><\/strong>a) Net <br>b) Deductions <br>c) Wage <br>d) All of the above<\/p>\n\n\n\n<p><strong>15. <em>_<\/em>___________ is prepared for individual worker.<br><\/strong>a) Job Card <br>b) Pay card <br>c) Job card<br>d) Sheet All of the above<\/p>\n\n\n\n<p><strong>16. __________ labour cannot be readily identified.<br><\/strong>a) Direct <br>b) Indirect <br>c) Production <br>d) Actual<\/p>\n\n\n\n<p><strong>17. __________ is a system of recording arrival and departure time of each worker.<br><\/strong>a) Time keeping <br>b) Book keeping <br>c) Pay roll <br>d) None of the above<\/p>\n\n\n\n<p><strong>18. Muster roll is kept at the ____________ of the factory.<br><\/strong>a) Gate <br>b) Office <br>c) Godown <br>d) None of the above<\/p>\n\n\n\n<p><strong>19.<em>____________<\/em> facilitates the reconciliation of gate time with work time.<br><\/strong>a) Idle Time Card <br>b) Job Card <br>c) I Card <br>d) None of the above<\/p>\n\n\n\n<p><strong>20. Usually ___________ workers are paid daily basis.<br><\/strong>a) Casual <br>b) Job <br>c) Retrenched <br>d) Sincere<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <span class=\"has-inline-color has-vivid-red-color\">11) Out  12) Pay roll  13) Pay  14) Wage  15) Pay  16) Indirect  17) Time keeping  18) Gate  19) Job Card  20) Casual<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>21. _________ is a periodic statement of wages.<br><\/strong>a) Pay Roll <br>b) Pay slip <br>c) Job Card <br>d) Job Sheet<\/p>\n\n\n\n<p><strong>22. Net wages are gross wages less __________ .<br><\/strong>a) Deduction <br>b) Wage <br>c) Gross wage <br>d) None of the above<\/p>\n\n\n\n<p><strong>23. Analysis of wages paid to each worker is called ________ abstract.<br><\/strong>a) Net wage <br>b) Gross wage <br>c) Wage <br>d) None of the above<\/p>\n\n\n\n<p><strong>24. _________ is turnover of workers.<br><\/strong>a) Labour Turnover <br>b) Stock Turnover <br>c) Debtor&#8217;s Turnover <br>d) None of the above<\/p>\n\n\n\n<p><strong>25. Low wages cause ________ .<br><\/strong>a) Stock Turnover <br>b) Debtor&#8217;s Turnover <br>c) Labour Turnover <br>d) All of the above<\/p>\n\n\n\n<p><strong>26. Flux method is used to calculate ___________.<br><\/strong>a) Debtor&#8217;s Turnover <br>b) Stock Turnover <br>c) Labour Turnover <br>d) None of the above<\/p>\n\n\n\n<p><strong>27. Labour turnover leads to high_________.<br><\/strong>a) Cost <br>b) Productivity <br>c) Labour <br>d) None of the above<\/p>\n\n\n\n<p><strong>28. Cost of labour turnover may be ___________ or replacement.<br><\/strong>a) Preventive <br>b) Replacement <br>c) Both a &amp; b <br>d) None of the above<\/p>\n\n\n\n<p><strong>29. Medical services cost is ____________ cost.<br><\/strong>a) Replacement <br>b) Preventive <br>c) Both a &amp; b <br>d) None of the above<\/p>\n\n\n\n<p><strong>30. Cost of welfare services is _________ cost.<br><\/strong>a) Preventive <br>b) Replacement <br>c) Both a &amp; b <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>21) Pay Roll 22) Deduction  23) Wage  24) Labour Turnover  25) Labour Turnover  26) Labour Turnover  27) Cost  28) Preventive  29) Preventive  30) Preventive<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>31. Pension scheme can ___________ labour turnover.<br><\/strong>a) Increase <br>b) Decrease <br>c) Maintain <br>d) All of the above<\/p>\n\n\n\n<p><strong>32. Replacement cost is associated with ____________ of labour.<br><\/strong>a) Appointment <br>b) Termination <br>c) Replacement <br>d) All of the above<\/p>\n\n\n\n<p><strong>33. Cost of accident is __________ cost.<br><\/strong>a) Replacement <br>b) Preventive <br>c) Sunk cost <br>d) All of the above<\/p>\n\n\n\n<p><strong>34. Unavoidable cause of labour turnover may be ____________ of employee.<br><\/strong>a) Exit interview, Better facilities, Better pay <br>b) Low wages, Lack of Training, Lack of Proper HR Policies <br>c) Death, Retirement, Marriage <br>d) All of the above<\/p>\n\n\n\n<p><strong>35. Exit interview can _________ labour turnover.<br><\/strong>a) Reduce <br>b) Increase <br>c) Maintain <br>d) None of the above<\/p>\n\n\n\n<p><strong>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.<br><\/strong>a) 1,000 <br>b) 880 <br>c) 550 <br>d) 630<\/p>\n\n\n\n<p><strong>37. Under <em>_________<\/em> system wages are paid at a fixed rate.<br><\/strong>a) Time Rate <br>b) Piece Rate <br>c) Rowan Plan <br>d) Halsey Plan<\/p>\n\n\n\n<p><strong>38. Under <em>__________<\/em> system output of worker is not relevant.<br><\/strong>a) Rowan Plan <br>b) Time Rate <br>c) Halsey Plan <br>d) Piece Rate<\/p>\n\n\n\n<p><strong>39. Under _________ system wages are guaranteed for time taken.<br><\/strong>a) Time Rate <br>b) Rowan Plan <br>c) Piece Rate <br>d) None of the above<\/p>\n\n\n\n<p><strong>40. ___________ system reduces rough handling of machines.<br><\/strong>a) Time Rate <br>b) Piece Rate <br>c) Rowan Plan <br>d) Halsey Plan<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>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<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>41. <strong><em>____________<\/em><\/strong> system does not provide incentive to efficient workers.<br>a) Time Rate <br>b) Halsey Plan <br>c) Piece Rate <br>d) None of the above<\/p>\n\n\n\n<p>42. _________ system brings down output.<br>a) Time Rate <br>b) Piece Rate <br>c) Halsey Plan <br>d) None of the above<\/p>\n\n\n\n<p>43. _________ system is suitable when quality of work is more important.<br>a) Time Rate <br>b) Halsey Plan <br>c) Piece Rate <br>d) Rowan Plan<\/p>\n\n\n\n<p>44. Under the piece rate system wages are paid at a  __________.<br>a) Time Rate <br>b) Fixed Rate Unit <br>c) Standard time <br>d) None of the above<\/p>\n\n\n\n<p>45. Under _________ system time spent on job is not considered.<br>a) Piece rate <br>b) Time Rate <br>c) Halsey Plan <br>d) Halsey Plan<\/p>\n\n\n\n<p>46. <strong><em>__________<\/em><\/strong> system provides incentives to efficient workers.<br>a) Time Rate <br>b) Piece Rate <br>c) Halsey Plan <br>d) None of the above<\/p>\n\n\n\n<p>47. __________ system reduces tendency of workers to go slow.<br>a) Time Rate <br>b) Piece Rate <br>c) Halsey Plan <br>d) Rowan Plan<\/p>\n\n\n\n<p>48. _________ system is suitable where tasks can be readily measured.<br>a) Time Rate <br>b) Piece Rate <br>c) Rowan Plan <br>d) Halsey Plan<\/p>\n\n\n\n<p>49. ___________ system is suitable when quality of work is important.<br>a) Piece Rate <br>b) Halsey Plan <br>c) Time Rate <br>d) None of the above<\/p>\n\n\n\n<p><strong>50. Under <em>__________<\/em> bonus is paid to the workers on the basis of time saved.<br><\/strong>a) Time Rate <br>b) Halsey Plan <br>c) Piece Rate <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>41) Time Rate  42) Time Rate  43) Time Rate  44) Fixed Rate Unit  45) Piece rate  46) Piece Rate  47) Piece Rate  48) Piece Rate  49) Time Rate  50) Halsey Plan<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>51. Under ____________ bonus is paid to the workers in proportion to time saved and time allowed.<br><\/strong>a) Rowan Plan <br>b) Halsey Plan <br>c) Piece Rate <br>d) Time Rate<\/p>\n\n\n\n<p><strong>52. Under ______________ plan two rates are fixed.<br><\/strong>a) Halsey Plan <br>b) Taylor\u2019s Piece Rate <br>c) Rowan Plan <br>d) None of the above<\/p>\n\n\n\n<p><strong>53. Under _________ plan three piece rates are fixed.<br><\/strong>a) Merrick Differencial Piece Rate <br>b) Taylor\u2019s Different Piece Rate <br>c) Co-partnership <br>d) Bedeaux plan<\/p>\n\n\n\n<p><strong>54. ___________ plan does not penalise the workers who produces below standard output.<br><\/strong>a) Taylor\u2019s Different Piece Rate <br>b) Merrick Differential Piece Rate <br>c) Rowan Plan <br>d) None of the above<\/p>\n\n\n\n<p><strong>55. Under Halsey Premium Plan, <em>__<\/em>______ % of time saved is shared by employer.<br><\/strong>a) 110 <br>b) 115 <br>c) 50<br>d) 120<\/p>\n\n\n\n<p><strong>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 ________.<br><\/strong>a) 792<br>b) 820 <br>c) 840 <br>d) 864<\/p>\n\n\n\n<p><strong>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 ________<br><\/strong>a) 200 <br>b) 192 <br>c) 180 <br>d) 160<\/p>\n\n\n\n<p><strong>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 ____<br><\/strong>a) 200 <br>b) 192 <br>c) 180<br>d) 160<\/p>\n\n\n\n<p><strong>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?<br><\/strong>a) 540<br>b) 450<br>c) 640<br>d) 700<\/p>\n\n\n\n<p><strong>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\u2019s differential piece plan is __________<br><\/strong>a) 122.84<br>b) 125<br>c) 130<br>d) 140<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>51) Rowan Plan  52) Taylor\u2019s 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<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>61. __________ time is paid by the employer.<br>a) Idle Time <br>b) Overtime <br>c) Normal time <br>d) Abnormal time<\/p>\n\n\n\n<p>62. Idle time is caused by ___________ .<br>a) Power Failure <br>b) Machine breakdown <br>c) Waiting for work <br>c) All of the above<\/p>\n\n\n\n<p>63. Normal Idle Time wages are charged to _____________ overheads.<br>a) Direct <br>b) Indirect <br>c) Factory <br>d) None of the above<\/p>\n\n\n\n<p>64. __________ time causes excess labour cost.<br>a) Over Time <br>b) Idle Time <br>c) Normal time <br>d) Abnormal time<\/p>\n\n\n\n<p>65. Time spent to overcome fatigue is <strong>____________<\/strong>.<br>a) Normal <br>b) Abnormal <br>c) Over <br>d) None of the above<\/p>\n\n\n\n<p>66. Machine setting time is <strong>_<\/strong>_________ idle time.<br>a) Normal <br>b) Abnormal <br>c) Over <br>d) None of the above<\/p>\n\n\n\n<p>67. Traveling time from one job to another job is __________ idle time.<br>a) Normal <br>b) Abnormal <br>c) Over <br>d) None of the above<\/p>\n\n\n\n<p>68. Machine breakdown is <strong>_<\/strong>________ idle rate.<br>a) Over <br>b) Normal <br>c) Abnormal<br>d) None of the above<\/p>\n\n\n\n<p>69. Power failure is _________ idle time.<br>a) Over <br>b) Normal <br>c) Abnormal <br>d) None of the above<\/p>\n\n\n\n<p>70. Overtime premium increases _________ of plant &amp; machinery.<br>a) Balance sheet <br>b) Depreciation <br>c) Financial P &amp; L A\/c <br>d) Costing P &amp; L A\/c<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><span class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>61) Idle Time  62) Power Failure  63) Factory  64) Over Time  65) Normal  66) Normal  67) Normal  <br>68) Abnormal  69) Abnormal  70) Depreciation<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":5379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[2402],"class_list":["post-5365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-misc","tag-labour-cost-mcq-with-answers"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/5365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=5365"}],"version-history":[{"count":3,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/5365\/revisions"}],"predecessor-version":[{"id":39287,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/5365\/revisions\/39287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/5379"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=5365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=5365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=5365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}