Gnatt Task Bonus System
Give a small introduction of the term ‘Gnatt Task Bonus System’?
Expert
This system is a grouping of piece rate and time rate. It offers minimum time rate payment. A elevated standard is set. The wage structure is set as below:
- Output under below standard - Minimum time rate payment. - Output at the standard - Time wages in addition some raise in wage rates. - Output above to standard - High piece rate for whole output.
Briefly explain the ethical decision you had to make?
Explain the term system user account in brief?
Briefly describe the term Gross Profit?
What do you understand by the term discounted payback period?
Write down the consequence of depreciation of assets on profits received by owners?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Give a brief introduction of the term ‘Average Price Method’?
Write down the main objectives of Management Accounting?
Give a brief introduction of the term ‘Convention of Consistency’?
Write down the restrictions of Marginal Costing?
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