Time keeping refers to _______.
A. time spent by worker on their job
B. time spent by workers in the factory
C. time spent by workers without work
D. time spent by workers off their job
Answer: Option B
Solution(By Examveda Team)
Time keeping refers to time spent by workers in the factory. Time-keeping department is concerned with the recording of time of each worker engaged in the factory.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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