Tag Archives | Time-Booking

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
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Time-Booking: Definition, Objectives and Methods

In this article we will discuss about:- 1. Definition of Time-booking 2. Objectives of Time-booking 3. Methods of Time-booking. Definition of Time-Booking: Time booking signifies the time spent by a worker on each job, process or operation. It is more important in case of direct workers as compared to indirect workers. Objectives of Time-Booking: The objectives of time-booking are: (i) [...]

By |2016-06-13T06:12:38+00:00June 13, 2016|Labour|Comments Off on Time-Booking: Definition, Objectives and Methods
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