What type of remuneration system is an organisation

Assignment Help Cost Accounting
Reference no: EM132618951

Problem 1: Workers who earn wages based on the basis of their output are called:

a. Pieceworkers

b. Casual workers

c. Outsourced workers

d. Part-time workers

e. Permanent workers

Problem 2: Gross remuneration for hourly wages is calculated as:

a. Units manufactured x rate per unit

b. Hours worked x rate per hour

c. Units manufactured x rate per hour

d. Hours worked x units produced

e. Rate per hour/hours worked

Problem 3: Under what type of remuneration system is an organisation's budget simplified?

a. Fixed salary

b. Piecework rate

c. Hourly wages

d. Total labour cost

e. All of the above

Problem 4: Which of the following is not an allowance?

a. Travel allowance

b. Housing allowance

c. Telephone allowance

d. Medical aid allowance

e. All of the above are allowances

Problem 5: Taxable income is calculated as:

a. Normal remuneration - Pension contribution

b. Gross remuneration - Pension contribution

c. Normal remuneration - Medical aid contribution

d. Gross remuneration - Medical aid contribution

e. Total income x tax rate

Reference no: EM132618951

Questions Cloud

Explain effective communication norms in business setting : Explain effective communication norms in a business setting. Describe both verbal and nonverbal management communication.
Find how much was total overhead under or over absorbed : Find How much was the total overhead under or over absorbed for the period? Total of indirect material, indirect labour and indirect expenses is called?
Calculate the balance of the provision for warranty : The provision for warranty has a credit balance of $145,000 at the beginning of 2019. Calculate the balance of the provision for warranty at December
Post a description of strengths associated with title : Post a description of strengths and challenges associated with title protection and licensure. Describe two strengths and two challenges.
What type of remuneration system is an organisation : Under what type of remuneration system is an organisation's budget simplified? Gross remuneration for hourly wages is calculated as
Case study on charles schwab : The context of the decision making processes, including for example: the goals, activities, history or culture of the organization;
Describe the elements of a diagnostic interview : Before moving through diagnostic decision making, a social worker needs to conduct an interview that builds on a biopsychosocial assessment.
Record the two journal entries that should be recorded : Record the two journal entries that should be recorded by Tamarisk Inc. for the sales transactions above that took place on July 1, 2020
Which is not an assumption of the eoq model : Which is not an assumption of the EOQ model? An order should be placed when inventory reaches? Minimum inventory level is calculated as follows

Reviews

Write a Review

Cost Accounting Questions & Answers

  Discuss the companys conventional costing system

The company's manufacturing overhead costs for the year are expected to be $720,000. Using the company's conventional costing system

  Use na to indicate that an account

Record the events in general journal format.

  Find what is the amount of its total liabilities

The total assets of Salley Company are $185,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities

  Production and purchases budgets

Production and purchases budgets

  Maintain a multiple step income statement

From the following information, prepare a multiple step income statement, starting with the proper title.

  What was the amount of conversion cost incurred in march

Raggae Rocks Co., What was the amount of conversion cost incurred in March. Prepare the March cost of goods manufactured schedule.

  Calculate the break-even point in terms of units

Calculate the break-even point in terms of units and sales revenue, assuming the company produces both wool yarns and sweaters

  What is the total estimated income from operations

Based on the results disclosed by the differential analysis, should the proposal be accepted? If the proposal is accepted, what is the total estimated income from operations of the warehouse for the 14 years?

  Determine the starbucks audit report

Examine Starbucks audit report, Note 1 dealing with Cash and Cash Equivalents, and compare Starbucks cash ratio to Green Mountain Coffee Roasters'.

  What is the minimum price that executive suites could accept

What is the minimum price that Executive Suites could accept on the last-minute rooms? Executive Suites operates a 100-suite hotel in a busy business park.

  What is the selling price of each gown

Bari Jay, a gown manufacturer, received an order for 740 prom dresses from China. Her cost is $30 a gown. If her markup based on selling price is 77%, what is the selling price of each gown?

  What entry should espinosa make

Guthrie Company sold its accounts receivable of $65,000. What entry should Guthrie make, given a service charge of 3% on the amount of receivables sold?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd