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-Booking: Definition, Objectives and Methods

In this article we will discuss about:- 1. Definition of Time-booking 2. Objectives of Time-booking 3. Methods of Time-booking. Definition of Time-Booking: Time booking signifies the time spent by a worker on each job, process or operation. It is more important in case of direct workers as compared to indirect workers. Objectives of Time-Booking: The […]

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 […]

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