Bcom 2nd Year Labour notes

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Bcom 2nd Year Labour notes

Question 1. Explain the method of making wage list. Describe the procedure for the preparation of wages-sheet. 

Methods of payment of wages, 

(Methods of Wages Payment)

A worker works in a factory so that he receives the appropriate remuneration of his work from which he meets his needs. The efficiency of workers depends on, among other things, the remuneration they receive.

Compared to other factories, so attracted qualified, experienced and skilled workers. can go . Conversely, if the remuneration is less than that of other factories then good 

The workers will leave the service, the labor withdrawal rate will be high and the efficiency of the workers will also be reduced. Therefore, it is very important to give workers a fair amount of remuneration. If the employer recognizes their short-sightedness, they understand that by giving less remuneration to the laborers, they will be able to make more profit and more profit then it will only reflect the short-sightedness and in the long run they will see their losses must remember not occurred growth necessary for their wages in a timely fashion so WORKERS on the grudge Estate and is also strike etc. Sometimes the struggle even leads to the closure of its peak. Therefore, the method of payment of wages should be such that the workers get the motivation to do more work, workers and employers should have a moderate relationship and consider the labor work as their own so that time, equipment and materials are used properly. 

Bcom 2nd Year Labour notes

2Q ‘Halse to remunerate workers Prbyaji method’ of trade Kya enter.

Explain the ‘Halsey Premium Plan’ of remunerating labour. 

Halse Prbyaji Plan ( Halsey Premium Plan)

The credit for knowing this method is Mr. F.N. a. Halsey has This method was introduced in America in 1890. In this method, every worker is paid a fixed rate of time or hours he has worked. The standard time of each task is determined in advance. If the laborer works in the standard time or more then he gets only that amount of time. If he finishes the work before the scheduled time, he gets an additional salary bonus of the amount of time taken and his fixed ratio of time saved (331% to 50%) of the time saved. . 

The Halsey Weir Scheme consists of 60% of the wages of the premier saved time, the rest of the scheme being the same as the Halsey scheme. The salient features of HALSE scheme are: 

(1) The standardized production for each work or in a fixed time is already determined and the workers are informed. 

(2) The wages of the time the laborers have worked are given to all. 

(3) Workers who produce more than standard, or complete production before standardized time, are given an additional remuneration bonus of 331 percent to 50 percent of the wages saved. Bcom 2nd Year Labor Notes

Question 4. Explain the difference between normal and abnormal workless period. How would you account for the outlay accounts of each?

Distinguish between Normal and Abnormal Idle time. How would you deal with each one of them in cost account? 

Normal Idle time

Such a waste of time which cannot be avoided and which cannot be finished according to the nature of work, is called normal workless time. Such as the time it takes to make the necessary adjustments of the machine between tasks, the time it takes to finish one task, the time it takes to get to the workplace from factory entry, etc. This type of time loss cannot be prevented without knowing it. . Normal workless time wages may be charged as overheads in kick accounts or as direct wages 

Extraordinary idle time 

(Abnormal idle time)

Such loss of time that occurs due to accidental events is called extraordinary workless time. For example, strike, lockout, non-availability of power supply, non-availability of materials, sudden deterioration of plant or machine, etc. are the reasons for which extraordinary work time is generated. The loss of this idle time can be prevented by management. Cost losses are not included in cost accounts. Therefore, the wages of extraordinarily unworkable time are charged to the cost-profit-loss account, not including the cost of production 

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