Time keeping - cost accumulation, Cost Accounting

Time Keeping - Cost Accumulation

A labour cost control routine should ensure that payments are paid only to employees who have spent time at the work place and that payments are at agreed rates of pay including overtime premium and shift premium payments where relevant. Where a staff is paid a fixed sum for an agreed length of working week, it may be decided via a check via the supervisor such the employee is at work is all such is necessary. Where the employee is being paid at the rate per hour for the time spent at work together along with premium rates for overtime work, it is as such a detailed record of time spent on the premises is required. This is done via having the employee to register his departure and arrival times.

Posted Date: 2/5/2013 5:50:57 AM | Location : United States







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

Write discussion on Time keeping - cost accumulation
Your posts are moderated
Related Questions
Learning Objective: After completing the project, the student will have gained familiarity, understanding and mastery of programming a realistic but simple application in Assembly

how marginal cost of a product is determined?

please concept clear me cost accounting for example, we manufacturing any product

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


Vincent Ltd operates solely in Western Australia and the chief operating decision maker has identified five operating segments: Mining, Insurance, Retailing, Manufacturing and Tran

Question: Timothy Ltd uses a flexible budget for overhead costs. The company expects to produce 40,000 units of the product it manufactures. Each unit requires 0.40 direct labo

Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the

DF is describing its consolidated financial declaration for the year ended 31 December 2009. DF has a numerous investments in other entities. Some of these investments are provided

Elements of Non - Manufacturing costs Non-Manufacturing costs are costs incurred via all activities such support the production of services and goods. They are selling costs