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
the formula of culculating product cost per unit

Decision Making Nature of Decision-making Decision-making may fall into any type of the following categories as: 1. Short run operational decisions 2. Short run t

Variance Analysis and Standard Costing Standard costing is defined with CIMA like a technique that uses standards for revenues and costs for the purpose of control via varianc


The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 tons. D

(a) Calculate Mexico's producer surplus and consumer surplus in autarky. (b) Calculate the number of Mexican imports with as well as without the Tarriff. (c) Calculate Mexico

Division B uses  normal  costing in its job-order costing system, with manufacturing overhead  applied  based on direct labour hours.  You have obtained the following information a

I'm having a hard time with this, can you please help? I know the dates are imparative also in finding the solution. Stevens purchased an auto on Jan 1, 2001. On December 31, 2003

Does it make sense for PP's management to use so many discount rates in its evaluation? Explain. What additional information would you like to have to make a more informed decis

As the Junior Bank Clerk of a business, one of your monthly tasks is to prepare the bank reconciliation statement. At the month ending 31 January 2012, the bank statement has be