Collection of Employees (labour) Cost
- All direct employee (labour) cost is collected from job time cards or sheets and accumulated for a certain period or volume of activity.
- The time booked or recorded in the job time and idle time cards is valued at appropriate rates and entered in the cost accounting system.
- As regards other items of indirect employee (labour) cost are concerned, these are collected from the payrolls books for the purpose of posting against standing order or expenses code numbers in the Overhead Expenses ledger.
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