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    NIDHI KOTIAN
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    The document contains information about timekeeping processes in a factory. It includes questions about time recording devices, time cards, wage payment methods, and the objectives of timekeeping and time booking. Key details are: - The dial time recorder has 160 holes to record worker arrival and departure times. - The clock card is placed at the entrance of the factory to track worker time. - Time booking records are necessary to ascertain labor costs and timekeeping prepares payroll records. - Piece workers are paid wages on a piece rate basis while casual workers temporarily replace absent workers.

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    Original Title

    chapterwise 05 Labour Costing

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    The document contains information about timekeeping processes in a factory. It includes questions about time recording devices, time cards, wage payment methods, and the objectives of timekeeping and time booking. Key details are: - The dial time recorder has 160 holes to record worker arrival and departure times. - The clock card is placed at the entrance of the factory to track worker time. - Time booking records are necessary to ascertain labor costs and timekeeping prepares payroll records. - Piece workers are paid wages on a piece rate basis while casual workers temporarily replace absent workers.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    96 views3 pages

    Questions A B C D Solution

    Uploaded by

    NIDHI KOTIAN
    The document contains information about timekeeping processes in a factory. It includes questions about time recording devices, time cards, wage payment methods, and the objectives of timekeeping and time booking. Key details are: - The dial time recorder has 160 holes to record worker arrival and departure times. - The clock card is placed at the entrance of the factory to track worker time. - Time booking records are necessary to ascertain labor costs and timekeeping prepares payroll records. - Piece workers are paid wages on a piece rate basis while casual workers temporarily replace absent workers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    Questions A B C D Solution

    Dial Time recorder has _____ holes. 360 200 500 160 160
    _____ card is placed at the entrance of the None of the
    Job card Clock Card above Clock Card
    factory.
    None of the
    Time _____ is essential for costing purpose.Records Booking Costing above Booking
    _____ _____ _____ shows effective use of Time Effective use Idle Time None of the Idle Time
    time. allowed of time Card above Card
    Piece workers are paid wages on _____ _____ Time saved None of the
    Piece Rate Time Rate basis above Piece Rate
    basis.
    Casual workers are appointed in place of Retrenched Sincere None of the
    workers Absentees workers above Absentees
    _____.
    None of the
    Time _____ is necessary for pay roll. Keeping Records Booking above Keeping
    None of the
    Time _____ is done to ascertain labour cost. Records Booking Controlling above Booking
    _____ _____ sheet is the method of time Attendance None of the
    Daily Time Register Time clock above Daily Time
    booking.
    The card which shows time spent by a worker None of the
    Job Ticker Salary slip Job above Job
    is called _____ card.
    Workers who work outside the factory
    Out Job Casual Badli Out
    premises are called as _____ works.
    _____ _____ accounting is conncerned with None of the
    Pay roll Muster roll Pay slip above Pay roll
    computation of wages.
    Both (A) & None of the
    _____ roll shows details of wages paid. Pay Muster (B) above Pay
    All of the
    _____ sheet shows gross wages. Net Deductions Wage above Wage
    All of the
    _____ _____ is prepared for individual worker. Job Card Pay Job Sheet above Pay

    _____ labour cannot be readily identified. Direct Indirect Production Actual Indirect
    _____ _____ is a system of recording arrival Time Book None of the Time
    and departure time of each worker. keeping keeping Pay roll above keeping
    None of the
    Muster roll is kept at the _____ of the factory. Gate Office Godown above Gate
    _____ _____ facilitates the reconciliation of Idle Time None of the
    Card Job Card I Card above Job Card
    gate time with work time.
    Usually _____ workers are paid daily basis. Casual Job Retrenched Sincere Casual

    _____ _____ is a periodic statement of wages. Pay Roll Pay slip Job Card Job Sheet Pay Roll
    None of the
    Net wages are gross wages less _____. Deduction Wage Gross wage above Deduction
    Analysis of wages paid to each worker is called None of the
    Net wage Gross wage Wage above Wage
    _____ abstract.
    The objective of Time Keeping is fixation of
    wages. True False False
    The objective of Time Booking is
    ascertainment of labour cost. True False True
    Attendance Register is a method of Time
    Booking. True False False
    Salary slip shows time spent by a worker on
    every job. True False False
    Job card records idle time. True False False
    Idle time is the time during which workers
    remain ideal. True False False

    Casual workers in place of Retrenched workers. True False False


    The workers who work outside the factory
    premises are called outworkers. True False True
    Payroll Accounting is concerned with
    calculation of wages. True False True
    Payroll shows Gross wages. True False True

    Payslip is prepared for a group each of workers. True False True


    Idle facility and idle time are the same. True False False
    Overtime premium is always treated as factory
    overheads. True False False
    Abnormal idle time wages is included in cost of
    production. True False False
    Idle time is the difference between time clocked
    and time booked. True False where the True
    where the where the recovery where the
    overhead recovery rates are overhead
    recovery rates are based on unit recovery
    rates are based on of none of the rates are
    Time recording becomes necessary based on machine production above based on
    labour160
    about hourshours 200
    about about 360 about 500 labour160
    about hours
    Dial Time Recorder has holes holes holes holes holes
    the entrance the entrance the entrance none of the the entrance
    Clock Card is placed at of the officeof the factory of the stores above of the factory
    record costing controlling none of the costing
    Time Booking is essential for purpose purpose purpose above purpose
    effective use none of the
    Idle Time Card shows time allowed of time idle time above idle time
    piece rate time rate time saved none of the piece rate
    Piece workers are paid wages on basis basis basis above
    there basis
    workers are accident machine none of the workers are
    Casual workers are employed when absent takes place
    Compliance breakdown above absent
    with
    Preparation statutory Fixation of All of the Preparation
    The objective of Time keeping is of : of payroll requirments wage rates above of payroll
    Evaluate
    Ascertain labour Control
    The objective of Time Booking is to : (i) & (ii) (i) & (ii)
    labour cost performance labour
    Daily Time Attendance none of the Daily Time
    The methods of Time Booking include : sheet Register Time clock above sheet
    The card which shows time spent by a worker Both (i) & Both (i) &
    on every order or job is : Job
    Idle card
    Time Job Ticker Salary slip (ii) (ii)
    The card which records idle time is : Card Job card Job sheet I card Idle Time
    The workers who are entitled to wages on the Piece Casual Badli Card
    Piece
    basis of their output are called as : workers Out workers workers workers workers
    Retrenched Sincere None of the
    Casual workers work in place of : Absentees workers workers above Absentees
    The workers who work outside the factory Casual None of the
    premises are called as : Outworkers Job workers workers above Outworkers
    Computation Appointment Termination All of the Computation
    Payroll accounting is concerned with : of wages of workers of workers above of wages
    All of the All of the
    Payroll shows : Gross wages Deductions Net wages above above
    Deductions allowed as per payment of wages P.F. All of the All of the
    Act include : House rent Income tax Deductions above above
    All of the All of the
    Wages sheet shows : Gross wages Deductions Net wages above above
    Individual All the Departmenta Temporary Individual
    Payslip is prepared for : worker workers l workers workers worker

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