Multiple Choice Questions on Guaranteed Rate of wages ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Guaranteed Rate of wages ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    Guaranteed Rate of wages:

    Actual Time Taken (Hours) x Standard Rate of Wages per hour

    Correct Answer

    Actual Time Taken (Hours) x Actual Rate of Wages per hour

    Incorrect Answer

    Standard Time (Hours) x Standard Rate of Wages per hour

    Incorrect Answer

    Standard Time (Hours) x Actual Rate of Wages per hour

    Incorrect Answer
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    Explanation:

    Guaranteed Rate of wages in nothing but time wages. It is calculated as:

    Actual Time Taken (Hours) x Standard Rate of Wages per hour

    By: Vikas Goyal
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