Management Accounting Test Questions

Q.  Which of the following statements are true about standard labour time?

a. Standard labour time indicates the time in hours needed for a specified process
b. It is standardized on the basis of past experience with no adjustments made for time and motion study
c. In fixing standard time due allowance should not be given to fatigue and tool setting
d. The Production manager does not provide any input in setting the labour time standards

ANSWER: See Answer
No explanation is available for this question!