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What is the purpose of Time Booking?
  • a)
    To calculate labor cost
  • b)
    To determine overhead rates
  • c)
    To evaluate worker efficiency
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of Time Booking?a)To calculate labor costb)To dete...
The purpose of Time Booking is to calculate labor cost, determine overhead rates, and evaluate worker efficiency. It helps in ascertaining the labor time spent on each job, analyzing idle time, and calculating wages, bonuses, and overhead absorption. Time booking records are essential for cost analysis and performance evaluation.
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What is the purpose of Time Booking?a)To calculate labor costb)To determine overhead ratesc)To evaluate worker efficiencyd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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