Cost and Managerial Accounting

151. ______________ forms part of cost of production.

1. Abnormal waste
2. normal waste
3. both a & b
4. none of these

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152. ______________ is a method of evaluating the job in terms of its money value.

1. Job analysis
2. Job evaluation
3. work measurement
4. Motion study

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153. ______________ is the assessment of the relative worth of jobs within a company whereas ______________ is the assessment of the relative worth of man behind the job.

1. Job evaluation , merit rating
2. job analysis, job evaluation
3. job analysis, merit rating
4. none of these

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154. Taylors differential piece rate system provides for higher rate to ______________ workers.

1. Inefficient
2. efficient
3. both a & b
4. lazy

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155. Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between ______________ of the standard output.

1. 83% and 100%
2. 100% and 120%
3. 0% and 83%
4. none of these

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156. Basis of apportionment of stores service expenses is ______________

1. Value of materials consumed
2. units of material consumed
3. products produced
4. none of these

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157. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the ______________

1. Number of hours
2. number of products produced
3. number of workers
4. wages

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158. Expenses incurred during production other than direct materials and direct labour are called ______________ factory expenses; those charged to production on estimated basis are called ______________

1. Actual, applied
2. applied, actual
3. indirect, direct
4. none of these

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159. Salary paid to general manager is an item of ______________ expenses.

1. Fixed
2. Variable
3. semi-variable
4. estimated

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160. Warehousing cost is an item of

1. Office overhead
2. distribution overhead
3. material cost
4. works overhead

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