Describe time sheets and job cards, Cost Accounting

(a) Describe briefly how the following are used in the accounting for labour:

(i)   time sheets

(ii)   job cards.

(b) The following details relate to the labour in a production cost centre for a period:

 

Direct personnel

Indirect personnel

Hourly rates of pay:

 

 

Basic

$10·00

$7·00

Overtime

$13·00

$9·10

Payroll hours:

 

 

Productive

310

118

Idle

18

4

Total

328

122

Additional information:

1. The basic rates of pay apply to a normal working week of 38 hours

2. There are eight direct personnel and three indirect personnel in the cost centre

3. Overtime is worked from time to time to meet the general requirements of production

4. Idle time is regarded as normal.

Required:

Calculate the total amounts:

(i)  Paid to the direct personnel and the indirect personnel respectively;

Charged as direct wages to work-in-progress and indirect wages to overheads respectively (show clearly the make-up of the indirect charge). 

Posted Date: 2/26/2013 7:25:16 AM | Location : United States







Related Discussions:- Describe time sheets and job cards, Assignment Help, Ask Question on Describe time sheets and job cards, Get Answer, Expert's Help, Describe time sheets and job cards Discussions

Write discussion on Describe time sheets and job cards
Your posts are moderated
Related Questions
specimen of cost sheet

On a New product development process of making a new S3 STORAGE SIM card phone storage device for end users, forecast the following With full working and tabulations; a) With fu

The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based


Dolphin Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2013 for $8,000,000 and had an estimated useful life of 8 years w

While we are looking for sources funds it is other than natural to start searching from home. What do we have? During examining the requirement for working capital we could also ma

This coursework is intended to help you develop your understanding of shell scripting in both a Windows and Unix environment. You should undertake this coursework in groups cons

Income Statement - Cost Accunting: A starting entrepreneur has come up with a plan to start a Gaming Outlet in Haarlem. He would like to buy a building which will cost € 700.0

Prepare a spreadsheet of an overhead budget for the company in Problem 5 on page 216 of the textbook. You have been running a construction company out of your home with your spouse

I have a project due this week and I am having slight issues with the transactions. I cannot seem to receive the correct titles under the recordings