Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._
A. Rowan plan allows more wages to a worker than Halsey plan
B. Rowan plan allows less wages to a worker than Halsey plan
C. Rowan and Halsey plan allow equal wages to a worker
D. Rowan plan and Halsey plan are equal to ordinary time wage
Answer: Option A
Solution(By Examveda Team)
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time, Rowan plan allows more wages to a worker than Halsey plan.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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