Explain time booking
Describe briefly the term time booking and also write down its various methods for employed it?
Expert
Time booking is recording the time really spent by a worker on different jobs done through him in the factory for cost analysis and dividing labor cost into different jobs and departments. It also assists in control over wastage of time- idle time. Various methods employed for time booking are illustrated below: i) Daily Time Sheets ii) Weekly Time Sheets iii) Job Cards Daily Time Sheets :
Under this method, a daily time sheet is offered to each and every worker on that time spent through him on different work orders is mentioned. This method can be suitably employed if the worker works on different jobs of short duration like in maintenance jobs. However this method is non beneficial also as it involves considerable paper work. Weekly Time Sheets :
In this method time is recorded for all the jobs done throughout the week in place of recording the work done for a day only. One sheet is allotted to each and every worker. It involves less paper work. Such kinds of weekly time sheets are helpful for intermittent kinds of jobs such as construction work. Job Card :
Job Card is a method of recording aspects of time with reference to the jobs or work orders undertaken through the workers. This method makes easy the calculation of labor cost with reference to jobs or work orders.
Write down the demerits of IFRSs.
Hi, i have an assignment, how do i know which ledger is the relevant one
Describe briefly payback period method for valuation of capital expenditure proposal?
Briefly describe the term Expenses?
Write down the merits and drawbacks associated with Equity warrants?
What are the responsibilities in accounts receivable?
Briefly explain the difference between the PickList Generic and PickList Hierarchical Business components?
In what condition credit rating is mandatory?
Briefly describe the term Net Profit?
Part A: What are some of the impediments to good decision making? Given the availability of copious information, why do good managers still make bad decision? (Schernerhorn et al., 2011, p.73). Explain referring to theory in your answer. (Approximately 1700 words). Part B: Critically reflect on your
18,76,764
1939555 Asked
3,689
Active Tutors
1451551
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!