Archive | Labour Cost Determination

Methods of Time Booking: 3 Methods | Labour Cost | Cost Accounting

Time booking can be entrusted to the foreman or to time booking clerks. Sometimes it is done even by employees. It can be recorded either manually or mechanically. The following are the various methods of time booking: Method # 1. Daily Time Sheet System: Under this method, the time spent by workers on different jobs for a certain day is [...]

By |2018-03-21T06:06:51+00:00March 21, 2018|Labour Cost Determination|Comments Off on Methods of Time Booking: 3 Methods | Labour Cost | Cost Accounting
Read More

Methods of Time Keeping | Labour Cost | Cost Accounting

Broadly speaking there are two methods used for time keeping: 1. Manual Method 2. Mechanical Method. 1. Manual Method: Under this method the attendance time of employees are recorded either by the time keeping officer or by employees themselves. The manual methods of time keeping are as follows: i. Attendance Register Method: Under this method, an attendance register is maintained [...]

By |2018-03-21T06:06:51+00:00March 21, 2018|Labour Cost Determination|Comments Off on Methods of Time Keeping | Labour Cost | Cost Accounting
Read More
AccountingNotes.net. All rights reserved.
This website uses cookies and third party services. OK
Go to Top