#2 Halsey Premium Plan | Labour Cost - Cost Accounting | BCOM | BAF | BMS
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#2 Halsey Premium Plan |
#2 Halsey Premium Plan | Labour Cost - Cost Accounting | BCOM | BAF | BMS
Labour Cost:
The cost of labour is the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer.
Labour Cost (Chapter 3) Lectures link:
#1 Introduction: • #1 Labour Cost Introduction | TYBCOM ...
#2 Halsey Plan: • #2 Halsey Premium Plan | Labour Cost ...
#3 Halsey Plan: • #3 Halsey Premium Plan - Labour Cost ...
#4 Rowan Plan: • #4 Rowan Premium Plan - Labour Cost |...
#5 Halsey & Rowan Plan: • #5 Halsey and Rowan Premium Plan - La...
#6 Gantt Plan: • #6 Gantt Task Bonus Plan (Part 1) - L...
#7 Gantt Plan: • #7 Gantt Task Bonus Plan (Part 2) - L...
#8 Taylor's Plan: • #8 Taylors Differential Piece Rate sy...
#9 Merricks Plan: • #9 Merrick's Differential Piece Rate ...
#10 Labour Cost Statement: • #10 Labour Cost Statement | Cost Acco...
Labour Cost Playlist:
• Labour Cost - Cost Accounting | BCOM ...
Material Cost Playlist Link :
• Material Cost | Cost Accounting | BCO...
Labour Cost Blog:
scholarsclasses.com/blog/labour-cost-introduction-…
Halsey Premium Plan
Definition: Under Halsey Plan, the standard time for the completion of a job is fixed and the rate per hour is then determined. If the time taken by a worker is more than the standard time, then he shall be paid according to the time rate, i.e. time taken multiplied by the rate per hour.
In Halsey plan, the time wages are guaranteed even if the output of a worker is below the standard. In case, the worker completes the works in less than the standard time, then he/she will be paid according to the actual time, i.e. time-rate plus the bonus calculated at a specified percentage of the saved time. The usual bonus share paid to the worker is 50% of the time saved multiplied by the rate per hour (time-rate).
Please watch this video until the end to understand the concept.
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Video Presented by :
Prof. Tauseef Khan
(M.Com, MBA, UGC - NET)
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3 سال پیش
در تاریخ 1400/07/07 منتشر شده
است.
22,270
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