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4 Which one of the following accounts is debited when indirect labor is used in production? a Payroll b Bank c Factory overheads d Cash

4\ Which one of the following accounts is debited when indirect labor is used in production?

a\ Payroll

b\ Bank

c\ Factory overheads

d\ Cash

5\ Identify the correct statement from the following:

a\ Employees are paid for idle time under time wage system

b\ Employees are paid for idle time under Gantts task bonus plan

c\ None of these

d\ Employees are paid for idle time under piece wage system

6\ Identify the correct statement from the following:

a\ In marginal costing, fixed manufacturing costs are treated as period cost

b\ Marginal costing is also known as variable costing

c\ In marginal costing, fixed selling expense is treated as product cost

d\ In marginal costing, the closing stock is valued at both variable and fixed cost per unit

choose the correct answer . Give me the question number and answer code. I hope that you will help me and solve all the questions. Thank.

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