Methods of Time Booking: 3 Methods | Labour Cost | Cost AccountingUnder time-keeping methods we simply record the time spent by a worker in the factory. Such record does not show how that time was utilized by him i. Hence, in addition to recording his time of arrival and departure, it is also necessary to record the time he spent on each job, order or process. In other words, time booking is a method of recording time devoted by a worker on a job, order or process. The system of time booking may be maintained either manually or mechanically. In relatively bigger organizations, where a large number of laborers work, or where there is a wide variety of jobs being performed every day, Time Recording Clocks maybe used to enter the time of starting and finishing each job separately on the Job Cards. Daily Time Sheets: This is a record for each worker separately in respect of time spent by him on each job during the day.
Labour Cost - Idle Time - Cost Accounting - Ram Thakur Classes
Difference Between Time Keeping & Time Booking ?
Read this article to learn about the time keeping department and need for time recording for piece works. Time-keeping department is concerned with the recording of time of each worker engaged in the factory. The recording of time is for two purposes, i. These two recordings should be regularly reconciled to establish the accuracy of recording of time because wages calculated on the basis of time-keeping should agree with the wages charged to the various jobs or production orders on the basis of time booking. If the size of the factory and volume of work permit, there should be a separate time-keeping office near the factory gate for recording the time of workers. If the size of the factory is small, time-keeping office may form a part of the personnel or gate office. Payment of wages to workers who work on time basis is dependent upon time spent by them; so an accurate record of time should be maintained.
Time booking can be entrusted to the foreman or to time booking clerks. Sometimes it is done even by employees. It can be recorded either manually or mechanically. Under this method, the time spent by workers on different jobs for a certain day is recorded. For each worker a sheet of paper is issued wherein his time spent on various jobs are recorded. This reconciliation is helpful in ascertaining and controlling the idle time.
The recording of time is for two purposes, i.e., for Time-keeping and Time Booking. Time-keeping is concerned with the recording of time of workers for the .
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