题目内容

Which one of the following statements correctly defines the term 'overtime premium'?

A. The total amount paid for working overtime hours
B. A bonus earned by workers for completing work without the need for overtime
C. The benefit received by an organisation from unpaid overtime by salaried staff
D. The amount of the additional payment received for working overtime generated by receiving a higher hourly rate

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Budgeted production in a factory for next period is 480 units. Each unit requires 2 labour hours. Labour is paid $30 per hour. 10% of total labour time is idle time. What is the factory's budgeted labour cost for next period?

A. $28,800
B. $25,920
C. $16,000
D. $32,000

Zing Co produces candles in the shape of company logos. A company has ordered 50 candles using the design of their company logo. Zing Co will produce these candles together, in a batch. Costs for the batch of 50 candles are:Direct materials: $60Direct wages: $40Overheads: Zing Co absorbs overheads at a rate of 20% of direct wages cost What was the cost per candle in this batch?

A. $1.84
B. $92
C. $2.16
D. $108

In an integrated accounting system what is the correct entry to record direct labour costs?

A. Debit Production overhead, Credit Wages
B. Debit Wages, Credit Production overhead
C. Debit Work in progress, Credit Wages
Debit Wages, Credit Work in progress

Which one of the following individuals are most likely to be paid using a piecemeal rate?

An individual working in a factory on a production line producing motor vehicles
B. An individual working in an accountancy practice producing financial statements and analysis
C. An individual working in a restaurant serving meals
D. An individual operating a sewing machine producing jeans

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