Time analysis - cost accumulation, Cost Accounting

Time Analysis - Cost Accumulation

This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As where time sheets are issued, so there the employee records time analysis stating how much time was spend on once job and then recording idle time. After that this sheet will be authorized through the supervisor. Job cards move along with a job like it passes from one employee to another. Hence there may be time clocks at each work center whereas the time spends on the job are recorded. Where this routine is employed, employees may be required also to clock idle time upon an idle time card that will be analyzed to find out the cause of idle time. Whereas payments are completed in return for output units, piecework tickets might be completed that are signed through the supervisor certifying the number of units claimed. The analysis of staff time will facilitate by:

a) By correct charge of direct labour cost to all job

b) By correct charge of indirect labour cost to cost centers

c) By control of labour costs via job and cost center

d) By calculation of employee bonus

e) By measurement of efficiency

Posted Date: 2/5/2013 5:52:30 AM | Location : United States

Related Discussions:- Time analysis - cost accumulation, Assignment Help, Ask Question on Time analysis - cost accumulation, Get Answer, Expert's Help, Time analysis - cost accumulation Discussions

Write discussion on Time analysis - cost accumulation
Your posts are moderated
Related Questions
Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus county. They've decided on selling the blended, fortified

You are the CFO of a Hospital. Suppose that your projected average daily reimbursement is $100, 000 and your average collection day is 40 days. What is your hospital's annual cost

What are the major arguments for absorption costing?

how can a poorly controlled budget cause problesm for a business?

Q. Why communities begin using FCA? There are several reasons why communities start by means of FCA. For instance: • To elucidate more evidently MSW costs to people. • It is

) Ialani Corp. uses a job order costing system for the yachts it constructs. On September 1, 2010, the company had the following account balance: Raw material inventory 332400 Wo

1.  Prepare a cash flow forecast for the proposal to launch SafeCus in 2010 for a three-year period from 1 January 2010 using the data in the body of the Case Study and discount at

what will a $5,000,000 investment be worth at 3.5% interest compounded quarterly in 10 years?

i need help on my homework

While on a business trip to Texas, David attended a mortgage foreclosure auction. At the auction (held on February 4, 1999), he acquired an abandoned sugarcane farm near Pearland.