Chaper 2. Labour Cost 2.1 Cost Accounting Standards - Employee Cost 2.2 Meaning of Wages and Salary and Difference. 2.3 Principles of Good wage system. 2.4 Time Keeping and Time Booking: Meaning, traditional and recent methods. 2.5 Concept of Payroll Accounting 2.6 Idle Time and Overtime 2.7 Methods of remuneration: - Time rate system Piece rate system Differential piece rate system, Taylor’s Differential piece rate system, Merrick Differential piece rate system. Bonus scheme- Halsey and Rowan premium scheme. 2.8 Labour Turnover: -Meaning, Causes, Methods and Remedies 2.1 Introduction to Cost Accounting Standard, Cost Accounting Standard Board The Institute of Cost Accountants of India, recognizing the need for structured approach to the measurement of cost in manufacture or service sector and to provide guidance to the user organizations, government bodies, regulators, research agencies and academic institutions to achieve uniformi...
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