Time keeping department-managing the labor cost
In managing the labor cost what role does time keeping department play?
Expert
The major action of time keeping department in managing the labor cost are illustrated below: 1) To maintain regularity and discipline.
2) Meeting the statutory needs.
3) To record the departure and arrival timings of workers to discriminate between normal times, overtime, delay in attendance and early on leaving.
4) Preparation of pay rolls.
5) To compute overhead rates.
6) Required for research and other reasons.
7) Fringe advantages are also computed on time keeping records.
What do you mean by the term Siebel Gateway? Briefly explain it.
Briefly describe the term Gross Profit?
Briefly describe production unit method to compute depreciation?
Give a brief introduction of the term ‘Overhead cost’? And also write down its various ways to classify it?
Write down the demerits of IFRSs.
Write down the procedure of capital budgeting?
Give a brief introduction of the term Revenue Expenditure?
Write down the main objectives of Management Accounting?
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
Give a brief introduction of the term Debenture Redemption Reserve (or DRR)?
18,76,764
1948768 Asked
3,689
Active Tutors
1440465
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!