1691. Considering that the standard time for a job is 8 hours, the actual time spent is 6 hours, and the hourly rate is 2 dollars. How much are all wages covered by the Halsey premium plan?

A. 18 $
B. 1-4 $ *
C. 16 $
D. 12 $

1692. Under Taylor’s differential piece rate system, standard output is 100 units per day, and piece rates are 20 cents per unit and 15 cents per unit. If a worker produces 95 units per day, how much will they earn?

A. 14.00 $
B. 18.50 $
C. 12.25 $ *
D. 14.25 $

1693. Looking at Rowan and Halsey premium plans, It is seen that when the time saved is under half of the time saved ,

A. Rowan’s plan provides workers with higher wages than Halsey’s plan*.
B. The Rowan plan provides workers with lower wages than the Halsey plan.
C. Rowan and Halsey plan permit equivalent wages to a specialist
D. None of them

1694. Wages Under Rowan and Halsey plans are exactly equal when time saves is :

A. Nil
B. 50% of the standard time
C. Both A and B *
D. None of them

1695. Which of the following a group incentive plan ?

A. Priestman plan *
B. Halsey weir plan
C. Badaux plan
D. All of these

1696. The allotment of whole items of cost to cost centres or cost units is called :

A. Cost allocation *
B. Overhead absorption
C. Cost apportionment
D. Overhead allotment

1697. Packing cost is a :

A. Production cost
B. Distribution cost
C. Selling cost
D. Any or all of the aforementioned *

1698. Director’s remuneration and expenses form a part of :

A. Production overhead
B. Selling overhead
C. Administration overhead *
D. Distribution overhead

1699. Salary ofa foreman should be classified as a :

A. Fixed overhead
B. Variable overhead
C. Semi fixed or semi-variable overhead *
D. None of them

1700. Overheads incurred solely as a result of a cost center’s existence are billed to that cost center as follows:

A. Allocation *
B. Absorption
C. Apportionment
D. Allotment