Wages paid to workers of factory are termed as
A. workers premium
B. overtime premium
C. factory premium
D. wage premium
Answer: Option B
Solution(By Examveda Team)
Wages paid to workers of factory are termed as overtime premium. An overtime premium is the additional payment made to an employee for hours worked in excess of 40 hours per week.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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