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Commerce · Q820

Costing

Graduate and Post Graduate · Commerce · question 820

Q820

Which of the following statements is true about standard labour time?

A.
Standard labour time indicates the time in hours needed for a specific process
Answer
B.
It is standardized on the basis of past experience
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: Option A

Solution

Answer: Option A
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