Multiple Choice Questions on If overtime is due to unavoidable reasons it ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

If overtime is due to unavoidable reasons it ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    If overtime is due to unavoidable reasons, it: 

    should be charged to Costing Profit and Loss Account; 

    Correct Answer

    should not be charged at all 

    Incorrect Answer

    should be charged to the Job directly 

    Incorrect Answer

    should be charged to the highest profit-making department

    Incorrect Answer
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    Explanation:

    The overtime premium may be charged as:

    1. To the job directly, if overtime is worked at the customer request to complete the work within a specified time.
    2. To the Costing Profit and Loss account if overtime work is due to unavoidable reasons.

    By: Vikas Goyal
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