Statement - I Low time wages do not necessarily mean low cost of production and high wages mean high cost of product. Statement-II Time and motion study, which is a function of engineering department, is useless for the
CS Executive · Cost and Management Accounting · PYQS · December 2016
Statement - I Low time wages do not necessarily mean low cost of production and high wages mean high cost of product. Statement-II Time and motion study, which is a function of engineering department, is useless for the determination of wages. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost Accounting
Related Questions in this Topic
- Which of the following is not included in cost accounts ?
- Besides the management, __________ and __________ are also benefitted in many ways by installing a good cost accounting ...
- Which of the following items is not included in Cost Accounts ?
- Cost Accounting is mostly __________ in its approach.
- Statement I: Although the Law of supply and demand to a great extent determine the price of an article, cost to the prod...