Unit 3: Employee Cost and Incentive Systems

Recording labour cost: Attendance and payroll procedures (Time-keeping, Time-Booking, Payroll procedure, Payment of wages-Piece rate, differential piece rate, time rate)

Idle time (causes and treatment in Cost Accounting), Overtime (its effect and treatment in Cost Accounting), Labour turnover (Causes, impact and methods of calculating labour turnover).

System of Wage Payment and Incentives(Halsey, Halsey-weir, Rowan and Emerson 

Component of wages cost for costing purpose.