Unit costing Contract costing Batch costing Operating costing Answer 3. Batch costing Explanation Drugs are manufactured in batches. radio sets, television sets, watches, manufacture of bicycles, two-wheelers, automobiles, industries producing nuts, bolts, screws, etc. are also manufactured in batches.
Category: MISCELLANEOUS
If prime cost is Rs. 1,80,000, factory expenses Rs. 20,000 and establishment expense Rs. 10,000, then what will be the cost of production?
Rs. 2,10,000 Rs. 1,80,000 Rs. 1,90,000 Rs. 1,70,000 Answer 1. Rs. 2,10,000
Which of the following methods of wage payment does not guarantee wages on time basis ?
Halsey premium plan Rowan premium plan Piece rate system Time rate plan Answer 3. Piece rate system Explanation Taylors Piece rate system is based on the quantity of output rather than on the basis of time.
Operating cost method is used in :
Construction Industry Cloth Industry Transport Industry All of the above Answer 3. Construction Industry