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Which of the following mathematical expression is/are not correct? i) Prime cost = Direct material cost + Direct labour cost + Direct expenses ii) Factory cost = Prime cost + Factory expenses iii) Office cost = Factory cost – Administrative expenses
Factory A and Factory B employ 476 and 524 employees. respectively. The average weekly salary of an employee in Factory A is $34.5 whereas for an employee in Factory B it is $28.5, The standard deviation in paying the individual salary has been recorded as $5 and $4.5 for Factory A and Factory B, respectively. Which factory has greater variability in paying individual salary?
If the prime cost is Rs. 50,000 and factory cost will Rs. 70,000 and office overhead is 50% of factory overhead, then the production cost will be
Direct material Rs 25,000 and wages Rs 15,000 and direct expenses Rs 5,000 What would be the factory cost if factory overhead rate is 20%.
Which of the following statements are true/false?
1. No child shall be employed or permitted to work, in any factory for more than four and a half hours in any day and during the night.
2. A child who has completed his eighteenth year or an adolescent shall not be required or allowed to work in any factory unless he has a certificate of fitness is granted in the custody of the manager of the factory.
3. The period of work of all children employed in a factory shall be limited to two shifts which shall not overlap or spread over more than five hours each.
4. No female child shall be required or allowed to work in any factory except between 8 A.M. and 7 P.M.
Which of the following statements are true? a. In overhead lines, inductance is more predominant whereas capacitance is in the cable. b. In overhead lines, capacitance is more predominant whereas inductance is in the cable. c. Cost of cable is high compared to the overhead lines. d. Cost of cable is low compared to overhead lines
There are 1250 cars in a factory. The factory produces 5 cars hourly. If the sales of the factory are 50 cars per day, what will be the sale percentage to the total cars held by the factory after 5 days. It is known that the factory runs 8 hours daily.
Which of the following statements are true/false?
1. Day is a period of twenty fours beginning from midnight.
2. A child who has completed his fourteenth year or an adolescent shall not be required or allowed to work in any factory unless he has a certificate of fitness is granted in the custody of the manager of the factory.
3. All doors and window frames and other wooden or metallic framework and shutters of a factory should be kept painted or varnished and the painting or varnishing shall be carried out atleast once in every period of four years.
4. The state government has the power to direct the Director General of Factory Advice Service and Labour Institutes or any institution specialised in matters relating to standards of safety in hazardous processes.
A company pays its employee Rs. 10000 as basic salary and 10% of every penny more than Rs. 150000 he brings in as sales. For past four months he had sales of Rs. 250000, Rs. 300000, Rs. 450000 and Rs. 500000 respectively. Had the basic pay been Rs. 12000, 16% commission and the amount of sales was constant for four months, what is the value of the sales for which he would have obtained same sum as salary? (in rupees)
A company pays its employees Rs. 20000 as basic pay, 10% of every penny more than Rs. 100000 they bring in as sales as commission and 20% of every penny more than Rs. 300000 sales as bonus. An employee working there brought in sales of Rs. 250000, Rs. 500000, Rs. 100000 and Rs. 70000 for four months. If he brought 20% more sales every month, what will be the percentage increase in the total salary?