Rewan Premium System
Give a small introduction of the term ‘Rewan Premium System’?
Expert
Guaranteed time rate payment is appropriate. The amount of bonus paid is a percentage of hourly rates that is in part to the time saved. The total wages payable to the workers under this system can be calculated as below: (AH X HR) + {(SH – AH)/SH} X AH X HR (AH - Real Hours, SH - Standard Hours, HR - Hourly Rate)
Give a brief introduction of the term Convention of Materiality?
Give a brief introduction about the term P/V ratio and Contribution?
Write down the procedure of capital budgeting?
Give a brief introduction of the term ‘Average Price Method’?
Write down a brief contrast on the term Cost Accounting and Management Accounting?
Under Companies Act, 1956 what ‘rights issue’ do the shareholders of a company have?
Briefly describe the term Material Cost?
Give a brief introduction of the term time value of money? What are the methods employed for this?
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What does reconciliation of time booked and time attended tell us?
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