5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting

HOME FINANCIAL ACCOUNTING COST & MANAGEMENT ACCOUNTING Q&A SHORT QUESTIONS MCQS 

ARCHIVES

May 2019
Labor Costing
April 2019

March 2019
MCQs
February 2019 FEB 20, 2019 by RASHIDJAVED

January 2019

December 2018 in COST ACCOUNTING MCQS

November 2018
Facebook Twitter Email
October 2018

September 2018 Messenger SMS Print

February 2018

January 2018
We have prepared Labor Costing MCQs
December 2017
quiz for the students to get clear their
concepts. This quiz may also be helpful
for their objective exams and to prepare
themselves for job interviews. Labor
Costing MCQs quiz consists of 7
ADVERTISEMENT
questions with 4 options for each
question. Students need to choose the
correct answer.

Below you can take Labor Costing

multiple choice questions quiz.

Congratulations – you have completed

Labor costing mcqs quiz.

You scored 40 points out of 70 points

total.

Your correct answers: 4

Your wrong answers: 3

Your answers are shown below:

RECENT ARTICLES
1. The wages paid to a joiner who
constructs a wooden mould for MATERIAL COSTING
concrete laying on a building Methods and Principles of Codification
0 COMMENTS
contract should be as:
Direct labour cost of the contract. MATERIAL COSTING
Stores management in manufacturing
0 COMMENTS
Indirect labor cost of the contract.
MATERIAL COSTING

https://www.playaccounting.com/quizzes/ca-mcqs/labor-costing-mcqs/ 1/5
5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting
Fixed labor cost of the contract. Store Keeping
HOME FINANCIAL ACCOUNTING COST & MANAGEMENT ACCOUNTING Q&A SHORT QUESTIONS 0 COMMENTS
MCQS 

Non-controllable cost of the contract.

MATERIAL COSTING
Receiving and Inspection of the mater
0 COMMENTS
2. Overtime premium pay may be
correctly defined as:
MATERIAL COSTING

The bonus paid to skilled workers. Material Cost

0 COMMENTS

The increased payment during

overtime hours because of increased
rates of pay.

The payment for all hours in excess of

the basic working week.

A premium paid to workers to

compensate for fatigue.

3. Vacation pay for factory workers

should be charged to:
Work-in-process inventory.

You
Direct labor. 0 pts VS M

Factory overhead.
What minor-league t
did Denver Bronco
Administrative expenses. quarterback John El
play for?

4. Labor turnover rate is best Oneonta, New York

defined as: Duluth, Minnesota

Harrisburg, Pennsylva

Billings, Montana
The number of employees successfully
completing the required job training Create your own at

programme.

The degree of mobility of employees

from one department to another.

The number of employees recruited

each week.

COST ACCOUNTING M
The number of laborers replaced
divided by the average number of
https://www.playaccounting.com/quizzes/ca-mcqs/labor-costing-mcqs/ 2/5
5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting
divided by the average number of
Introduction to cost accounting – MCQ
HOME FINANCIAL ACCOUNTING COST &employees
MANAGEMENTon the payroll. Q & A
ACCOUNTING SHORT QUESTIONS MCQS 
Process Costing MCQs

Specific Order Costing MCQs

5. Which of the following method of
Overhead Costing MCQs
remuneration is most likely to give
stability of labor cost of the Material Costing MCQs

employer: Cost Concept, Analysis and Classifica

Responsibility Accounting – Multiple C

Straight piecework.

Measured day work. ACCOUNTING MCQS T

Premium bonus scheme. Accounting and Finance MCQs Test 1

Accounting and Finance MCQs Test 2

Group bonus scheme.
Accounting and Finance MCQs Test 3

Accounting and Finance MCQs Test 4

6. Which of the following is the
Accounting and Finance MCQs Test 5
most relevant use of the clock card:
Accounting and Finance MCQs Test 6
To measure employee efficiency.

FILL IN THE BLANKS

To facilitate payment for time spent

on the work premises. Cash flow statement – Fill in the blank

Manufacturing accounts – Fill in the bl

Dissolution of partnership – Fill in the

To allow labor time to be charged to the Retirement and death of a partner – Fil
individual job. Admission of new partner – Fill in the

Financial statement – Fill in the blanks

Dividend and bonus – Fill in the blanks

To allow calculation of bonus payment.
Formation and organization – Fill in th

Issuance of shares and debenture – Fi

7. Which of the following is usually
prepared daily by employees for Distribution of profit & loss – Fill in the

each job worked on:

Labor job ticket

Punch card

Time card

Cost control card

« Prev page

Next page
»

https://www.playaccounting.com/quizzes/ca-mcqs/labor-costing-mcqs/ 3/5
5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting

HOME FINANCIAL ACCOUNTING COST & MANAGEMENT ACCOUNTING Q&A

More Articles from Cost accounting MCQsSHORT QUESTIONS MCQS 

Introduc on to cost accoun ng – MCQs quiz

Process Cos ng MCQs

Specific Order Cos ng MCQs

Overhead Cos ng MCQs

Material Cos ng MCQs

Cost Concept, Analysis and Classifica ons MCQs

Responsibility Accoun ng – Mul ple Choice Ques ons

(MCQs)

Introduc on to Managerial Accoun ng MCQs

Cost of goods sold statement and income statement MCQs

Product Cos ng Systems MCQs Quiz

Ac vity-based Cos ng MCQs

Cost behavior and Cost es ma on MCQs

Inventory Management MCQs

Capital Budge ng MCQs

Flexible Budgets MCQs

Manufacturing profit - balance sheet of non- Trading account of a Adjusting-entrie

Explanation, Examples trading concerns example manufacturing company sheet

Self-constructed assets - Job cost sheet - Balance sheet - Variable Costing

Definition, Explanation Explanation, Format and Definition, Explanation,
and Examples examples Uses and Format

https://www.playaccounting.com/quizzes/ca-mcqs/labor-costing-mcqs/ 4/5
5/10/2019 Labor Costing MCQs Quiz with Answers - Play Accounting

HOME FINANCIAL ACCOUNTING COST & MANAGEMENT ACCOUNTING Q&A SHORT QUESTIONS MCQS 
Leave a Reply
Your email address will not be published. Required fields are
marked *

COMMENT

NAME * EMAIL * WEBSITE

Save my name, email, and website in this

browser for the next time I comment.

POST COMMENT

O U R FA C E B O O K PA G E FOR WHOM WE WRITE MORE TOPICS USEFUL LINKS

Our contents are student Financial Statements (11) Privacy policy

Play Accounting oriented. Use our site for
401 likes (14)
homework assignments, exam Stockholders' equity How to use
preparation or job interviews.
Treasury Stock (11) Contact us

Like Page Soon

Send Message We shall add free Earnings Per Share (10)
downloadable PDF files for all
of our study materials. Cash, Cash Equivalents and Receivables
Be the first of your friends to like this
(14)

PLAYACCOUNTING
COPYRIGHT 2019. ALL RIGHTS RESERVED. 

https://www.playaccounting.com/quizzes/ca-mcqs/labor-costing-mcqs/ 5/5