& what do you mean by Time Keeping
and Time booking ?
Answers
Explanation:
Time Keeping:
This department is concerned with maintenance of attendance time and job time of workers. Attendance time is recorded for wage calculation and job time or time booking is considered for computing time spent for each department, job, Operation and Process for calculating labour cost department wise, job wise and of each process and operation.
Essentials of a good Time-keeping System
1. Good time keeping system prevents ‘proxy’ for one another among workers
2. Time-keeping has to be done for even piece workers to maintain uniformity, regularity and continuous flow of production.
3. Both the arrival and exit of workers is to be recorded so that total time spent by workers is available for wage calculations.
4. Mechanised methods of time keeping are to be used to avoid disputes.
.
.
.
.
..
.
.Time Booking: Time spent by the worker on different jobs and works is called time booking. This is the productive time of workers.
Objectives:
The following are the objectives of time booking:
1. It ensures that the time paid for, as per time keeping is properly utilized on jobs and orders.
2. It enables the cost department to ascertain the labour cost of each job or work order.
3. It helps in allocation and apportionment of wages among different departments where labour hour rate method is used as basis.
4. It helps to calculate idle time.
5. It is helpful when incentive schemes are in operation in the factory by revealing the time spent by the workers on different jobs.
6. Time booking also helps in measuring the efficiency of workers by comparing standard time for the jobs with actual time.
Time Booking Methods: The following methods are used for time booking.
1. Daily Time Sheet: In this method, each worker records the time spent by him on the work during the day, for which a sheet is provided to each worker. The time is recorded daily and hence accuracy is maintained.
2. Weekly Time Sheets: The only difference between the daily time sheet and weekly time sheet is that these time sheets are maintained on weekly basis. This means that each worker prepares these sheets weekly rather than daily.
3. Job Ticket: Job tickets are given to all workers where time for commencing the job is recorded as well as the time when the job is completed. The job tickets are given for each job and the recording of the time as mentioned above helps to ascertain the time taken for each job.
Answer:
Mark as the brainliest answer
Explanation:
Time-keeping is concerned with the recording of time of workers for the purpose of attendance and wage calculations whereas time booking is the reporting of each worker's time for each department, operation and job for the purposes of cost analysis and apportionment of labour costs between various jobs and departments.