Labor Costing MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Editorial Team

Updated on March 12, 2023

This multiple choice question (MCQ) test covers labor costing. By completing this quiz, you'll be able to test your knowledge and prepare for exams or job interviews. This MCQ quiz contains 7 questions with 4 options for each question. Based on your knowledge of labor costing, choose the correct option for each MCQ.
1. The wages paid to a joiner who constructs a wooden mold for concrete laying on a building contract should be made as:
2. Overtime premium pay is correctly defined as:
3. Vacation pay for factory workers should be charged to:
4. Labor turnover rate is correctly defined as:
5. Which of the following remuneration methods is most likely to stabilize an employer's labor cost:
6. Which of the following is the most relevant use of the clock card:
7. Which of the following is usually prepared daily by employees for each job worked on:

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.