In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?
Correct answer: C. idle time wages
- A. indirect wages
- B. health wages
- C. idle time wages
- D. shortage time wages
Explanation
Wages paid for time when workers cannot perform productive work because materials are unavailable are idle time wages. The unproductive waiting period, not the worker's normal task, determines the classification.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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