Examveda
Examveda

A document which consists information about labour time usage, for specific job in a specific department, is known as

A. selling time record

B. labour time record

C. buying time record

D. direct time record

Answer: Option B

Solution(By Examveda Team)

A document which consists information about labour time usage, for specific job in a specific department, is known as labour time record. A document which records the amount of time spent by an employee, showing the analysis between a numbers of activities during a payment period. It may record the wages (labour cost) of the time spent.

Join The Discussion

Related Questions on Costing

Absorption means ________.

A. charging overheads to cost centres

B. charging of overheads to cost units

C. charging of overheads to cost centres or cost units

D. allotment of overheads to different departments