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  • Chapter 4

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    Mohan Ryan
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    The document discusses accounting for labor costs and is divided into three sections assigned to Mohan, Jamrye and Kevin. Mohan will explain labor recording and control procedures and the role of the human resources and timekeeping departments in labor cost accounting. Jamrye will explain different remuneration methods, how to calculate remuneration using them, and their advantages and disadvantages. Kevin will cover labor productivity, the effects of labor turnover, and how to measure labor turnover.

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    Account for engineers labour cost

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    The document discusses accounting for labor costs and is divided into three sections assigned to Mohan, Jamrye and Kevin. Mohan will explain labor recording and control procedures and the role of the human resources and timekeeping departments in labor cost accounting. Jamrye will explain different remuneration methods, how to calculate remuneration using them, and their advantages and disadvantages. Kevin will cover labor productivity, the effects of labor turnover, and how to measure labor turnover.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    23 views1 page

    Chapter 4

    Uploaded by

    Mohan Ryan
    The document discusses accounting for labor costs and is divided into three sections assigned to Mohan, Jamrye and Kevin. Mohan will explain labor recording and control procedures and the role of the human resources and timekeeping departments in labor cost accounting. Jamrye will explain different remuneration methods, how to calculate remuneration using them, and their advantages and disadvantages. Kevin will cover labor productivity, the effects of labor turnover, and how to measure labor turnover.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    CHAPTER 4: ACCOUNTING FOR LABOUR COST

    Explain labour recording and control procedures


    MOHAN

    Understand the role of Human resource Dept and timekeeping


    department
    Explain the labour cost and accounting procedure

    Explain the different types of remuneration methods


    JAMRYE

    Calculate the remuneration using the different methods


    Explain the advantages and disadvantages of various remuneration
    methods

    Explain labour productivity


    Explain the effects of labour turnover
    Understand how to measure labour turnover.

    KEVIN

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