Other Master Degree-Master in Personnel Management 3rd Sem 303 : LABOUR COSTING AND COMPENSATION MANAGEMENT(University of Pune, Pune-2013)
M.P.M. (Third Semester) EXAMINATION, 2013
303 : LABOUR COSTING AND COMPENSATION MANAGEMENT
(2008 PATTERN)
Time : Three Hours Maximum Marks : 70
N.B. :—
(i) Q. No. 1 is compulsory.
(ii) Attempt any four questions from the remaining.
(iii) All questions carry equal marks.
1. (A) During 1st week of April, a worker manufactured 220 articles. He received wages for a period of 48 hours guaranteed time
of his work at the rate of Rs. 15 per hour. The estimated time to produce one article is 10 minutes and, under incentive scheme, the time allowed is increased by 20%.
Calculate :
(i) Standard output to be produced per hour
(ii) Standard piece rate per unit
P.T.O.[4376]-303 2
(iii) Wages of the worker by Taylor’s differential piece rate system.
(iv) Wages of the worker of Merrick’s differential piece rate system. [8]
(B) Standard time allowed per unit = 80 hours
Actual time taken per unit = 50 hours
Time Rate = Rs. 2 per hour
D.A. = Re. 1 per hour
Calculate wages by :
(a) Halsey plan
(b) Rowan plan. [6]
2. What is the meaning of the term ‘Labour Turnover’ ? What are its causes ? State the different methods used for calculating labour turnover rate. [14]
3. Explain the terms ‘salary’ and ‘wages’. What are the components of salary ? State which deductions are permissible from salary under various laws. [14][4376]-303 3 P.T.O.
4. Explain the concepts :
(1) Determining principles of compensation
(2) Factors to be considered for designing sound incentive schemes. [14]
5. What are the general incentive practices followed in Indian industry ? State special features for incentive schemes designed for employees in service sector. [14]
6. Write short notes (any two) : [14]
(1) Direct Labour Cost and Indirect Labour Cost
(2) Idle Time Cost
(3) Labour productivity
(4) Merits and demerits of time rate and piece rate.
7. Prepare cost sheet for JB Ltd. from the following data. Show total cost and cost per unit for the period ending 31-3-2013 : [14]
Rs.
(1) Raw Material 3,00,000
(2) Productive Wages 3,50,000
(3) Direct Expenses 60,000
(4) Unproductive Wages 1,05,000[4376]-303 4
(5) Factory rent 75,000
(6) Factory Lighting 22,000
(7) Motive power 44,000
(8) Factory Heating 15,000
(9) Director’s Fees (works) 10,000
(10) Indirect Material 30,000
(11) Director’s Fees (office) 20,000
(12) Factory cleaning 5,000
(13) Rent and Taxes (office) 5,000
(14) Office Insurance 5,000
(15) Legal Expenses 4,000
(16) Depreciation :
Plant and machine 20,000
Office Building 10,000
Delivery Vans 2,000
(17) Advertising Exp. 4,000
(18) Office Exp. 10,000
(19) Sales Salaries 15,000
(20) Upkeep of delivery vans 7,000
(21) Sales Commission 15,000
(22) Bank charges 500
| Earning: ₹ 7.05/- |
