What is your understanding about labor relation?

Q: Briefly explain the difference between an employee and an employer.

A: In commerce and entrepreneurship, the terms employee and employer are often used. Both terms are…

Q: Identify and explain the components of management compensation and the trade-offsthat compensation…

A: Employment:   Under the contract of an employment, one party works for another party in exchange for…

Q: What is a job board?

A: Job Board is a portal that has openings for jobs. The Companies or organizations post vacancies of…

Q: How have advances in manufacturing technology affected overhead application?

A: Overhead application: It is a process of allocating the cost to the jobs, the allocation of cost is…

Q: Distinguish between direct labor and indirect labor.

A:

Q: Define indirect labor.

A: Labour are those people who are engaged in the organisation either for the purpose of production or…

Q: where the line is drawn between direct and indirect labor, is direct labor at an employee level or a…

A: Direct Labour is labour or workers that are directly engaged in production of goods. Indirect labour…

Q: What information is presented on a job cost sheetand what is its purpose?

A: Job Costing: Job costing is a way of accounting that is meant to assist you in keeping track of the…

Q: When is an employer-employee relationship exist?

A: Definition:

Q: What is meant by overheads? How are overheads classified? Give suitable examples

A: Overhead refers to the expenses a business incurs on a daily basis while operating its activities.

Q: Describe the  idle-time categories of indirect labor

A: Overheads are the cost and the expenses a company incurs for the production of a particular goods or…

Q: What is included in indirect materials and indirect labor ?

A:

Q: Explain FLSA and its purpose. Choose and explain in detail two of the other listed labor laws. Then,…

A: FLSA stands for Fair Labor Standards Act and it was enacted by Congress way back in 1938. It's also…

Q: Direct labor

A: Direct labor costs incurred = Total manufacturing costs - Direct materials used - Factory overhead

Q: Employment Condition

A: 1.ANNUL LEAVE: the national employment standards provide 4 weeks paid annual leave for each year of…

Q: Define labour time record.

A: Direct labor: Direct labor includes the wages of the employees who are directly involved in…

Q: Is someone not willing to work counted as being in the labor force?

A: Labor force is a term used for referring to labor pool within an economy that which may include both…

Q: What is job lot?

A: Job:   A job is a task or work assigned to the employee for which he is paid. Job is considered as…

Q: What is the difference between pay grade and pay range?

A: Pay grade refers to an approach that helps categorize different types of jobs into various groups…

Q: What is mean direct and indirect labor?

A: Cost of labor includes payments made to employees in the form of wages or employee benefits and also…

Q: Which of the following costs would not be inventoriable?  Indirect labor cost Office rent factory…

A: Inventoriable cost means the cost which will be considered while valuing the inventories. Only the…

Q: define direct manufacturing-labor costs?

A: Cost: It refers to the economic value incurred by a company to produce a product or deliver a…

Q: What is the difference between a job and career

A: Job is a short time task that is done to earns money by the individual. They are done with the…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Time basis and piece rate basis are two methods of wage payment. Under time basis, workers are paid…

Q: What is meant by the term responsibility accounting?

A: Introduction: responsibility accounting is the process of the controlling the cost by giving the…

Q: How much is Work in Process-Direct Labor?

A: Payroll The process of payroll to calculate the total labor hours which are included in the time…

Q: How can the work-in-process concept be viewed?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Which factors contribute to the cost of direct labor?

A: Direct labour refers to the labour which is directly related to the production of products of any…

Q: What connection exists between unit profit and labor costs?

A: A cost is the amount of money that was expended during the production or delivery of a good or…

Q: Describe workers' compensation and explain why it is important.

A:

Q: What is job costing?

A: Job costing defines as which tracks the revenues and cost and gives reporting on profitability of…

Q: What is a job cost sheet?

A: Job order costing;

Q: explain why labor laws are important to both the employee and the employer?

A: Labor Laws: These are those laws which govern the relationship between employees, employer and trade…

Q: What is meant by the statement that “labor costing is related to motion costing”

A: Labor Cost- Labor is the only factor in the organization which have unlimited productivity. Labor…

Q: s relevent cost of direct labour

A: Direct Labor: Direct labor includes personnel that are directly concerned within the production…

Q: How is manufacturing overhead allocated to jobs?

A: Manufacturing overhead refers to the costs that is incurred by factory, irrespective of direct cost.

Q: What is a cost object?

A: Introduction:

Q: How is the unit product cost of a job calculated?

A:

Q: Which of these more accurately corresponds to your understanding of a job descriptioh?

A: Accurate Corresponding for a Job description A. Task Involved on the Job B. Things that people…

Q: What is a characteristic of pay for performance?

A: Pay for performance is a management technique which aims at improving the performance of the…

Q: Describe the overtime-premium and idle-time categories of indirect labor?

A: Over-premium labor cost is the indirect cost of labor paid for the extra time of work to the…

Q: What is the difference between direct materials, indirect materials, direct labor, and indirect…

A: