ACCA F2: Accounting For Labour Trivia Quiz

7 Questions | Total Attempts: 1296

SettingsSettingsSettings
ACCA Quizzes & Trivia

Enter your name and email address to take the Free MCQ Test on Accounting for Labour (ACCA F2 / FIA FMA). Number of Questions: 7 questions Time Available: 16 minutes Your score will be available instantly on an online certificate followed by the correct answers to all questions.


Questions and Answers
  • 1. 
    An employee is paid on a piecework basis as follows:                 1 to 500 units             -   $0.50 per unit               501 to 1000 units       -   $0.75 per unit               1001 to 1500 units     -   $1.00 per unit   Only the additional units qualify for the higher rates, and rejected units do not qualify for payment.   During one day an employee produced 1200 units of which 32 were rejected.   How much did the employee earn for the day?
    • A. 

      $825

    • B. 

      $1200

    • C. 

      $793

    • D. 

      $1168

  • 2. 
    A company budgeted on producing 20,000 units and taking 8,000 hours.         They actually produced 25,000 units and took 11,000 hours. What was the capacity ratio?                            
    • A. 

      110.0%

    • B. 

      72.7%

    • C. 

      90.9%

    • D. 

      137.5%

  • 3. 
    A company employed 5,700 employees at the end of a financial year. During the year 600 employees left the company and 360 were recruited.                         What was the rate of labour turnover in the year?
    • A. 

      10.3%

    • B. 

      10.5%

    • C. 

      10.8%

    • D. 

      16.5%

  • 4. 
    Which of the following types of workers would be classified as indirect labour?
    • A. 

      Painters in a decorating company

    • B. 

      Machine repairers in a factory making desks by machine

    • C. 

      Machine operators in a factory making desks by machine

    • D. 

      Assembly workers in a factory making calculators

  • 5. 
    • A. 

      21.4%

    • B. 

      35.7%

    • C. 

      64.3%

    • D. 

      75.0%

  • 6. 
    A production department consists of 15 direct labour employees who each work 36 hours per week. Output from the department is expected to be 4 units of product per direct labour hour worked. During a particular week, the department recorded 500 hours of time spent working on production and actual output was 2,100 units of the product.                         What was the production volume ratio for the department for the week?
    • A. 

      92.5%

    • B. 

      97.2%

    • C. 

      102.9%

    • D. 

      105.0%

  • 7. 
    A company budgeted on producing 20,000 units and taking 8,000 hours.         They actually produced 25,000 units and took 11,000 hours.    What was the efficiency ratio?    
    • A. 

      110.0%

    • B. 

      72.7%

    • C. 

      90.9%

    • D. 

      137.5%