- Fundamentals of Financial Accounting
- BILLS OF EXCHANGE AND PROMISSORY NOTE (PROBLEMS 2)
- Nature & Scope of Cost Accounting
- Important Tips
- Previous Years University Papers
- Labour Cost — Accounting and Control
- Previous Years University Papers
- Procedure For Appointment of First Auditor
- VERIFICATION OF BANK BALANCE
- AUDIT COMMITTEE
- LIABILITIES OF AN AUDITOR
- DUTIES OF AN AUDITOR
- RIGHTS OF AN AUDITOR
- Personal Qualities of Auditor
- QUALITIES OF AN AUDITOR
Accounting TagsAccounting & Control Accounting Definitions ACCOUNTS PARTNERSHIP Auditing auditing standards audit planning audit sampling Bank Reconciliation Statement BASIC TERMS BILLS OF EXCHANGE Business Profits Business Transaction Capital CAPITAL AND REVENUE Cash Book CASH TRANSACTIONS Completing the Cost Cycle For Job-Order CONSIGNMENT ACCOUNTS Cost Accounting Departmentalization errors and frauds EXTRA REVISIONARY PROBLEMS Factory Overhead Fundamentals of Financial Accounting internal control Kinds of Audit Labour Cost LEARNING OBJECTIVES: Material Control — Storing and Issuing Nature & Scope of Cost Accounting OBJECTIVE QUESTIONS PARTNERSHIP ACCOUNTS PRACTICAL PROBLEMS Previous Years University Papers PROBLEMS Process Costing PROMISSORY NOTE Rectification of Errors Revenue Sampling SHORT ANSWER QUESTIONS Single Entry System The Auditor Verification vouching
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You can also find definition,rules, types, formula, illustration, problems, transaction and example of random accounts in an accounting cycle using direct and indirect method.All subjective and objective question are given here as well.
Labour Cost definition with examples and formulaDefinition of Labour Cost with formula and example to solve the problems with the suitable solution using concept in accounting keeping in mind the limitations and errors. How to calculate Labour Cost with disadvantages and advantages using the rules in Cost and Management Accounting.
Required : Calculate his Gross Wages acco7Jing to : I. Piece work with guaranteed weekly wage. Rowan Premium Plan. Halsey Premium Plan. Answer : (1) Rs. 192. (2) Rs. 242.22 (3) Rs. 226. P.8-12: There are ten men working as … Continue reading
UNITS HOURS Monday 160 8 Tuesday 170 8 wednesday 175 8 (b) If the 100 percent bonus plan is used and 880 units are produced in a 40 hour week. (c) If an incentive plan is used, providing and … Continue reading
P.8-1:From the following particulars calculate the earnings of workers A and B under ( ) Straight piece rates and (ii) Taylor’s differential piece rates: Standard time per piece 30 seconds Normal rate per hour Rs.2.40 Differential rates: 80% of piece … Continue reading
Illustration 8-29: Jobs are issued to operative •A’, to make 189 units, and to operative `B’, to make 204 units, for which a time allowance of 20 standard minutes and 15 standard minutes per unit respectively is credited. For every … Continue reading
Illustration 8-15: In a manufacturing concern, bonus to workers is paid on a slab rate based on cost savings towards labour and overheads. The following are the slab rates: (i) Up to 10% saving, 5% of earning. (ii) Up to … Continue reading
Illustration 8-12: The standard time fixed to complete a product is 12 hours at Rs.0.25 paise per hour Time wages are allowed to workers taking more than the time allowed. But workers who complete the job in standard time or … Continue reading
Illustration 8-8: The following is a weekly payroll summary made up from the time tickets of the Z. Company Employees Classification Hours Regular Overtime Hourly Rate A Direct 40 2 1.80 Direct 40 3 1.80 Direct 40 5 2.00 Direct … Continue reading
Illustration 8-7: The following represents the factory payroll for three production departments of H Manufacturing Company. This company maintains a payroll summary account as ‘well as direct and indirect labour accounts for each of the three producing departments. Wages are … Continue reading
Illustration 8-2: The extract from the payroll of a company is as follows: Number of employees at the beginning of 2004 135 Number of employees at the end of 2004 165 Number of employees resigned 20 Number of employees discharged … Continue reading
Accelerated Premium Plans This covers all incentive plans in which bonus increases at a faster and faster rate with the increase in output. The purpose of such plans is to provide at all levels of production a powerful incentive to … Continue reading