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OtisamLMS
Cost Accounting

Cost Accounting · Quick practice · answer shown after each question

Labour

Question 1 of 10

Question 1 of 10

Under the Halsey bonus scheme, the worker receives

Question 2 of 10

Question 2 of 10

A time sheet records

Question 3 of 10

Question 3 of 10

Labour turnover: 30 leavers replaced, average workforce 300. The turnover rate is

Question 4 of 10

Question 4 of 10

Under the Rowan scheme, bonus = (time saved/time allowed) × time taken × rate. For 10 h allowed, 8 h taken, GH¢5/h, the bonus is

Question 5 of 10

Question 5 of 10

The rate at which workers leave an organisation and are replaced is

Question 6 of 10

Question 6 of 10

Standard time 10 hours; actual 8 hours; rate GH¢5/hour. Under the Halsey scheme (50%), total pay is

Question 7 of 10

Question 7 of 10

A worker earns GH¢10 an hour for 40 hours and works 5 hours of overtime at time-and-a-half. What are the gross wages?

Question 8 of 10

Question 8 of 10

The rate at which employees leave and have to be replaced is

Question 9 of 10

Question 9 of 10

Time for which workers are paid but no production takes place, for example due to a machine breakdown, is

Question 10 of 10

Question 10 of 10

A worker produces 120 units at GH¢0.50 piece rate with a guaranteed minimum of GH¢50 per day. Daily pay is

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.