Time keeping - cost accumulation, Cost Accounting

Assignment Help:

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.


Related Discussions:- Time keeping - cost accumulation

Mr, Extracts from P Co''s records for last month are as follows: ...

Extracts from P Co''s records for last month are as follows: BUDGET ACTUAL PRODUCTION 7,000 UNITS 7,200 UNITS Direct Material $42,000 $42,912 Calculate

Long-term liabilities, Long-Term Liabilities: These are usually for mo...

Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such

Critical thinking about cost flow, Critical Thinking about Cost Flow It...

Critical Thinking about Cost Flow It is simple to overlook an important aspect of cost flow within a manufacturing operation. If you see that have taken note of an important co

Calculate the contribution margin ratios, Problem 4-12 Multiproduct CVP [LO...

Problem 4-12 Multiproduct CVP [LO 4] Fidelity Multimedia sells audio and video equipment and car stereo products. After performing a study of fixed and variable costs in the prior

Cost accounting, cost accounting as a descriptive/analytical discipline

cost accounting as a descriptive/analytical discipline

Prepare a forecast of cashflow, A company is to produce an IC and a chip si...

A company is to produce an IC and a chip size of 120mm2 has been estimated, based on using a full-custom nMOS technology on 8" wafers. The process has a 92% yield at the wafer fab

Calculate break-even level of sales volume and revenue, Q. Calculate break-...

Q. Calculate break-even level of sales volume and revenue? Z-Boxes sell for £299 and their variable production cost is £99. Research and development, and fixed production overh

Calculate cost of goods sold under throughput costing, The follow data rela...

The follow data relates to year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire

Determine marginal and average cost curves take a u shape, 1) A) In a compe...

1) A) In a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production?  Why or why not? B) Why d

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd