(Answered) 1 distinguish between lsquodirect and lsquoindirect labor

Accounting

1. Distinguish between ‘Direct' and ‘Indirect' labor cost.

2. What do you understand by ‘labor turnover'? What are the causes for the same? How will you prevent labor turnover in your organization?

3. Distinguish between ‘time keeping' and ‘time booking'. What are the objectives of ‘time keeping'?

4. Discuss the methods of time booking in detail. Explain the objectives of time booking.

5. Write detailed notes on I] Job Evaluation and II] Merit Rating

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