Total No. of Questions—7] [Total No. of Printed Pages—2
Seat
No. [5366]-33
M.P.M. (Third Semester) EXAMINATION, 2018
303 LABOUR COSTING AND COMPENSATION MANAGEMENT
(2008 PATTERN)
Time Three Hours Maximum Marks 70
N.B. Attempt any four questions from Section I.
(ii Solve any one question from Section II.
(iii All questions carry equal marks.
SECTION I
1. Discuss in detail various elements of costs in cost sheet.
2. Explain the nature and significance of 'Labour Turnover'. What are
the effects of Labour Turnover on cost of production
3. What do you understand by labour productivity What are its
determinants
4. What are the characteristics of a sound incentive plan for direct
and indirect workers
5. Write short notes on (any two)
Time-Keeping and Time-Booking
Overtime Costs
Fringe Benefits.
P.T.O.
[5366]-33 2
SECTION II
6. Calculate earnings of Amar, Akbar and Anthony under
Halsey Plan
(ii Rowan Plan.
Also calculate effective rate per hour in each case
Time allowed for a job 15 hours
Rate per hour Rs. 10
Time taken to complete the job,
Amar 15 Hours
Akbar 12 Hours
Anthony 10 Hours
7. From the following particulars, calculate the earnings of B and
C using
Taylor's Plan
(ii Merrick's Plan.
Standard time allowed 10 units per hour
Normal wage rate Rs. 5 per hour
Production in a day of 8 hours
A 48 units
B 75 units
C 100 units.