033.

034.

035.

036

037.

038.

039.

040.

Which method of costing Is used in a refinery?
(ಯ) Standard costing (8) Budgetary costing
(©) Process costing (D) Batch costing

Quantity of material to be ordered at one time is known as
(2) Reorder quantity (8) Economic order quantity
(2) Optimum quantity (D) None of these

۶۱۴۵ method of valuing material issues Is sultable 17 times of
(A) Falling prices (B) Rising prices

(C) Constant prices (D) Fluctuating prices

Which methed of valuing material issue i

suitable for materials purchased for a

particulai work or job? 8
(മ) Inflated price method (8) Market price method

(©) Specific price method (D) Average cost method

Wages sheet is prepared by the
(മ) Personnel Department (8) Payroll Department
(€) Cost Accounting Department (D) Marketing Department

Labour turnover is calculated by

(ಯ) Number of Additions / Average number of workers

(B) Number of workers left / Average number of workers

)© Number of workers replaced by / Average number of workers
(D) None of these

Which of the following methods of wage payment is most suitable where the speed of
production 15 beyond the control of worker?

(வு Time rate system (8) Halsey premium system

(©) Time rate system (D) None of these

Under Merrick's multiple piece rate system, 110% of ordinary piece rate 15 given to
workers whose level of performance is between

(ಗ) 50% - 80% of standard output (छ) 83% -100% of standard output

)© 80% - 100% of total output (D) None of these

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