What will be the treatment of overtime premium in cost accounting, if it is due to circumstances beyond control —

CS Executive · Cost and Management Accounting · PYQS · June 2015
What will be the treatment of overtime premium in cost accounting, if it is due to circumstances beyond control —
(A) Charged to general overheads
(B) Charged to the job directly
(C) Charged to the concerned department
(D) Charged to costing profit and loss account.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Labour Costing

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