ECONOMICS

COST ACCOUNTING

INTRODUCTION TO COST ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most reasonable basis for allocating worker’s compensation insurance is:
A
building depreciation
B
kilowatt-hours
C
departmental payroll
D
number of employees
E
materials used
Explanation: 

Detailed explanation-1: -For example, an employee got an injury in his ankle while unloading a truck of goods. This injury at the ankle caused him to limp and resultantly he was having back pain. Workers’ Compensation Insurance can help to cover his treatment of back pain because it was because of his ankle injury.

Detailed explanation-2: -An Act to provide for the payment by certain classes of employers to their workmen of compensation for injury by accident. WHEREAS it is expedient to provide for the payment by certain. classes of employers to their workmen of compensation for injury by. accident; It is hereby enacted as follows:–CHAP.

Detailed explanation-3: -The Employee/Worker Compensation Policy helps the employer financially compensate employees who are injured or die because of an accident that happened while they were working. Worker compensation covers injuries, disabilities, and deaths of employees caused by accidents during their job.

There is 1 question to complete.