Tag Archives | Labour

Overheads: Definition and Collection | Labour

In this article we will discuss about:- 1. Definition of Overheads 2. Meaning of Chargeable Expenses 3. Steps in Accounting of Overheads 4. Classification and Codification of Overheads 5. Collection of Overheads 6. Cost Allocation 7. Allocation and Apportionment of Overheads. Definition of Overheads: CIMA defines Overhead Cost as “the total cost of indirect materials, […]

Time and Motion Study: Meaning, Objectives and Treatment

In this article we will discuss about the Time and Motion Study:- 1. Meaning of Time and Motion Study 2. Objectives of Time and Motion Study 3. Benefits 4. Treatment of Some Items. Meaning of Time and Motion Study: Time study is defined as a work measurement technique for recording the times and rates of […]

Job Evaluation: Definition, Objectives and Steps

In this article we will discuss about Job Evaluation:- 1. Definition of Job Evaluation 2. Objectives of Job Evaluation 3. Steps for Job Evaluation 4. Advantages of Job Evaluation. Definition of Job Evaluation: Job evaluation is the technique of analysis and assessment of jobs to determine their relative value within the firm so that a […]

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