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Cost Accounting by V. Rajasekaran, R. Lalitha

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3

Direct Labour and Direct Expenses

LEARNING OBJECTIVES

After studying this chapter you should be able to:

  1. Understand the meaning of direct labour and indirect labour.

  2. Explain the terms: time-study, motion study, job analysis and job evaluation.

  3. Know the various records that are in use for recording attendance and time of workers.

  4. Account for holiday pay, idle time and overtime in cost accounts.

  5. Understand the factors associated with labour turnover.

  6. Appraise the different methods of wage payment.

  7. Understand the salient features of different incentive plans.

  8. Ascertain the wage payable to workers under different methods of wage payment.

  9. Understand the meaning of direct expenses.

  10. Know the characteristics of direct expenses

  11. Explain the meaning ...

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