Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.
A. 50%
B. 60%
C. 835%
D. 100%
Answer: Option D
Solution(By Examveda Team)
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than 100%. If a worker takes more time than the standard time to complete the task (i.e., his efficiency is below 100%), he is given wages for the time taken by him and if a worker takes the standard time to perform the task (i.e., efficiency is 100%), he is given wages for the standard time and a bonus of 20% on the wages earned.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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