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CA Inter Employee Cost — practice questions — page 2

Explore 68 free Employee Cost questions in CA Inter Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Employee Cost questions and exercises with answers

Showing questions 31–60 of 68.

In UK law, the fair piece rate lets an average worker earn:Read the answer and worked solution →Leverage in performance pay is the ratio of variable pay to:Read the answer and worked solution →A time study is based on:Read the answer and worked solution →A time and motion study joins Taylor's time study with motion study by:Read the answer and worked solution →In a direct time study, the first step is to:Read the answer and worked solution →In a time study, rating the worker's pace gives:Read the answer and worked solution →Standard time equals normal time plus:Read the answer and worked solution →Time study allowances cover which of these?Read the answer and worked solution →Taylor's soldiering describes workers who:Read the answer and worked solution →The Gilbreths developed motion study using what method?Read the answer and worked solution →Who popularised the term scientific management in 1910?Read the answer and worked solution →Harrington Emerson compared plant costs with what?Read the answer and worked solution →Overtime means time worked beyond:Read the answer and worked solution →The term overtime is also used for:Read the answer and worked solution →48 hours worked; 1.5x after 40 hours. Pay equals how many normal hours?Read the answer and worked solution →Double time means a worker is paid:Read the answer and worked solution →Time off in lieu lets workers take:Read the answer and worked solution →Overtime pay rates can cause workers to:Read the answer and worked solution →Why do many countries have overtime labour laws?Read the answer and worked solution →In economic terms, what is a wage?Read the answer and worked solution →For a business, wages are part of its:Read the answer and worked solution →Unlike a wage, a salary is paid:Read the answer and worked solution →Gross pay is the pay earned:Read the answer and worked solution →An hourly employee's regular gross pay equals hourly rate times:Read the answer and worked solution →Pre-tax payroll deductions are taken out:Read the answer and worked solution →A payroll is mainly:Read the answer and worked solution →How many pay periods are in a biweekly payroll year?Read the answer and worked solution →A 40-hour week over 52 weeks gives monthly payroll hours of:Read the answer and worked solution →Employee benefits are best described as:Read the answer and worked solution →The IASB sees employee benefits as consideration given for:Read the answer and worked solution →

Worked practice questions

In UK law, the fair piece rate lets an average worker earn:

  1. a share of company profit
  2. the minimum wage per hour
  3. twice the minimum wage
  4. a guaranteed annual bonus
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Correct answer: B. the minimum wage per hour

The fair rate is set so an average-paced worker reaches the minimum wage for each hour.

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Leverage in performance pay is the ratio of variable pay to:

  1. base pay
  2. total profit
  3. overtime pay
  4. bonus pay
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Correct answer: A. base pay

Leverage compares the variable part of pay with the base part.

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A time study is based on:

  1. Timed observation of the task
  2. Estimates given by workers
  3. Review of past payroll data
  4. A staff attitude survey
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Correct answer: A. Timed observation of the task

Time study records the time a task takes by observing it directly with a timing device.

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More Cost and Management Accounting topics

Cost SheetProcess CostingCost AccountingMarginal CostingInventory ValuationActivity Based CostingBudgets and Budgetary ControlJob Costing