The health care premium for workers and the pension costs are included in _________?
Correct answer: A. payroll fringe costs
- A. payroll fringe costs
- B. health costs
- C. premium costs
- D. workers costs
Explanation
Payroll fringe costs are indirect employee-related costs, including health-care premiums, pension contributions, insurance, and similar benefits. They are separate from the employee's basic wages.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?
If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?
In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?
The inventory of the final goods that are not yet sold is called __________?
An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?
The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be ________?