Study the following statements and mark your answers:
Wage Incentive Plans have the following objects:
I. Increasing worker's morale
II. Lowering unit cost
III. Lowering capital cost
IV. Lowering depreciation charges
A. I and IV are correct
B. I and II are correct
C. I and III are correct
D. All the above are correct
Answer: Option B
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
Join The Discussion