5. Describe the two methods used in accounting for material cost. Which method is preferable for the large concern?
6. How would you classify labor for factory accounting?
7. Explain the use of the time card.
8. Describe the general content of a pay-roll.
9. Why and how should the pay-roll be safeguarded?
10. How are the workmen paid from the pay-roll?
11. How is distribution of the pay-roll made? Distribution of accrued wages?
12. Name a few items which enter into overhead expenses.
13. What constitutes the real difficulty in accounting for factory expense or overhead?
14. Why is a common basis of distribution of expense usually unsatisfactory?