Questions:
1. Discuss the various incentive schemes, their merits and demerits.
2. Discuss the various bonus systems.
3. What is profit sharing? How is it different from co-partnership?
4. What is idle time? Give its treatment in cost accounts.
5. Write short notes on:
(a) Labour turnover
(b) Idle time
(c) Overtime
(d) Casual workers
(e) Site workers.
6. Describe the preparation of payroll in a factory. What precautions will you take at the time of paying wages?