Question 44 Not yet answered Marked out of 100 Flag question Which of the following best describes a fixed cost? a. Represents a fixed proportion of total costs. O b. Remains at the same level when output increases O c. Remains at the same level irrespective of the level of output O d. Has a direct relationship with output Question 45 Not yet answered Marked out of 1.00 Flag question Accenture Chemicals has the following data relating to its factory in the year ended 31 December 2020 Direct material costs OMR 500 Direct labour cost OMR 250 The total indirect expenses for the factory are OMR 30,000. There were 5,000 labour hours worked and 25,000 machine hours consumed in the factory in the year 2020. Compute the overhead rate based on direct labour hour OMR 6.150/hour OD OMR 6.000/hour C. None of these O OMR 1.000/hour Question 46 Not yet answered Marked out of 100 Cost, which can be identified with the output is called as O a Product cost O b. Variable cost O c. Fixed cost O d. Direct cost Flag question Question 47 Not yet answered Marked out of if the labour turnover of a company is high, what does it indicates? a. Increased labour productivity Ob.labour is highly satisfied Oc. Good working condition 100 P Flag question O d. Instability of labour may lead to work inefficiency Question 48 Not yet answered Marked out of 1.00 Which of the following is not classified as a factory overhead cost? a Electricity to run factory machines O b. Salary of security guards that protect the factory building oc. Insurance to protect the factory materials O d. Advertising cost to promote the finished goods Flag question Question 49 Not yet answered The technique of charging the entire overhead expenses to a cost centre is known as a. Cost absorption O b. Cost allocation Marked out of 100 Flag question O c. Cost distribution O d. Cost apportionment of bonus. Question 50 Not yet answered Marked out of 1,00 P Flag question In Halsey Bonus plan, the employee gets a. 100% of time worked O b. 83% of time spent c. 30% of time saved O d. 50% of time wages saved