Bedaux Point System of premium payment
Give brief introduction of Bedaux Point System of premium payment?
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The standard time is alienated into standard minutes; each and every standard minute is identified as Bedaux Point or B. The wages to be paid to the worker are calculated as below: Wages = Real Hours X Hourly Rate + 75 % of BS X Hourly Rate 60 (BS (Number of B’s saved) = B’s earned and standard B’s permitted for the job) This system needs a system of work learning as it is hard to understand and involves many secretarial efforts.
Briefly explain the main stages for computing the total cost per unit under the absorption costing system.
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
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Give a brief introduction of the term Net Profit?
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Briefly describe the accrual basis of accounting by describing the principles involved.
Give a brief introduction of the term valuation of issues and valuation of returns?
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