3.2 Which of the following would be classed as indirect labour ?
A stores assistant in a factory store
B. Assembly workers in a company manufacturing televisions
C. Plasterers in a construction company
D. A consultant in a firm of management consultants
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3.1 A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm’s accounts ?
A. Direct expense
B. Selling expense
C. Production overhead
D. Administrative overhead
2.5 Which of the following explains the essence of quote sampling ?
A. None of the above
B. Each element of the population has an equal chance of being chosen
C. Every nth member of the population is selected
D. Every element of one definable sub-section of the population is selected
11.4 In a particular process, the input for the period was 2,000 units. There were no inventories at the beginning or end of the process. Normal loss is 5 per cent of input. In which the following circumstances is there an abnormal gain?(i) Actual output =1,800 units(ii) Actual output=1,950 units (iii) Actual output=2,000 units
A. (ii) and (iii) only
B. (i) and (ii) only
C. (i) only
D. (ii) only
11.3 If there had been a normal process loss of 10% of input during the month, the value of this loss would have been:
A. Nil
B. $450
C. $600
D. $1,050