University Of Pune Question Paper
M.P.M. (Semester – III) Examination, 2014
303 : LABOUR COSTING AND COMPENSATION MANAGEMENT
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
Instructions : i) Q.No. 1 is compulsory.
ii) Attempt any four questions from the remaining.
iii) All questions carry equal marks.
1. From the following particular, you are required to work out the earning of a worker a week under :
i) Straight Piece rate,
ii) Differential piece rate,
iii) Halsey Premium Scheme (50% sharing) and
iv) Rowan Premium scheme :
Weekly working hours 48
Hourly wage rate Rs. 10
Piece rate Rs. 3.00
*Normal time taken per piece 20 minutes
Normal output per week 120 pieces
Actual output for the week 150 piece
Differential piece rate 80% of the piece rate when output below normal and 120 % of
piece rate when output above normal. 14
2. What do you understand by the terms ‘Direct Cost’ and ‘Indirect Cost’ ? Explain with examples,
the concepts of ‘Direct Labour Cost’ and ‘Indirect Labour Cost’. 14
3. Explain the concepts of incentive schemes. State the Factors to be considered for designing
sound incentive schemes. 14
4. Explain various components of salaries and wages. State the various permissible deductions
from salaries and wages. 14
5. What is compensation ? State the principles of determination of compensation. 14
6. Explain the concepts : 14
a) Incentive scheme for direct worker.
b) Incentive scheme for indirect worker.
Seat
No.
P.T.O.
[4671] – 33
7. The following information is received from the books of ABC Co. Ltd. for the quarter ending
31st March 2013 : 14
Particular Rs.
Stock Material on 31-3-2013 80,000
Purchase of Material 7,95,000
Stock of Material on 1-1-2013 1,05,000
Traveling expenses 5,100
Carriage Inward 8,290
Labour, Welfare expenses 14,200
Depreciation on Plant 18,000
Factory Rent 11,200
Office Rent 29,100
Bad Debts 5,000
Productive Wages 2,27,000
Traveler salary and commission 9,000
Expenses regarding purchase of material 4,500
Fuel, Gas and Water 17,900
Manager’s Salary (He devotes 2/3 of his time to factory) 18,000
Air conditioning charges of office 9,000
Outstanding productive wages 33,000
Carriage outward 9,150
Sale 14,29,500
Prepare a cost sheet giving
A) Prime cost
B) Work cost
C) Cost of Production
D) Total cost.
——————
M.P.M. (Semester – III) Examination, 2014
303 : LABOUR COSTING AND COMPENSATION MANAGEMENT
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
Instructions : i) Q.No. 1 is compulsory.
ii) Attempt any four questions from the remaining.
iii) All questions carry equal marks.
1. From the following particular, you are required to work out the earning of a worker a week under :
i) Straight Piece rate,
ii) Differential piece rate,
iii) Halsey Premium Scheme (50% sharing) and
iv) Rowan Premium scheme :
Weekly working hours 48
Hourly wage rate Rs. 10
Piece rate Rs. 3.00
*Normal time taken per piece 20 minutes
Normal output per week 120 pieces
Actual output for the week 150 piece
Differential piece rate 80% of the piece rate when output below normal and 120 % of
piece rate when output above normal. 14
2. What do you understand by the terms ‘Direct Cost’ and ‘Indirect Cost’ ? Explain with examples,
the concepts of ‘Direct Labour Cost’ and ‘Indirect Labour Cost’. 14
3. Explain the concepts of incentive schemes. State the Factors to be considered for designing
sound incentive schemes. 14
4. Explain various components of salaries and wages. State the various permissible deductions
from salaries and wages. 14
5. What is compensation ? State the principles of determination of compensation. 14
6. Explain the concepts : 14
a) Incentive scheme for direct worker.
b) Incentive scheme for indirect worker.
Seat
No.
P.T.O.
[4671] – 33
7. The following information is received from the books of ABC Co. Ltd. for the quarter ending
31st March 2013 : 14
Particular Rs.
Stock Material on 31-3-2013 80,000
Purchase of Material 7,95,000
Stock of Material on 1-1-2013 1,05,000
Traveling expenses 5,100
Carriage Inward 8,290
Labour, Welfare expenses 14,200
Depreciation on Plant 18,000
Factory Rent 11,200
Office Rent 29,100
Bad Debts 5,000
Productive Wages 2,27,000
Traveler salary and commission 9,000
Expenses regarding purchase of material 4,500
Fuel, Gas and Water 17,900
Manager’s Salary (He devotes 2/3 of his time to factory) 18,000
Air conditioning charges of office 9,000
Outstanding productive wages 33,000
Carriage outward 9,150
Sale 14,29,500
Prepare a cost sheet giving
A) Prime cost
B) Work cost
C) Cost of Production
D) Total cost.
——————
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