Time Booking.undeestand different methods with solved example.
In this video I will discuss Time Booking methods.
Meaning of Time Booking -
Under this system, time that is spent by a worker in a day of various alternate jobs is calculated. For marking the start time and the end time attributable to a particular job, job cards, piecework tickets or time tickets are used.
It is a system by which time spent by a worker on various jobs, order or contract is calculated.
Objectives of Time Booking -
Time booking has the following objectives :
1. Wage and the bonus payment can also be easily computable.
2. Labour cost incurred on diffetent products, job, contracts can also be calculated.
3. Labour performances can be evaluated by comparing the budgeted with the actual.
4. Labour hour spent and idle labour hour can be determined.
5. Overhead rates and absorption of overheads can easily be ascertained under the labour and machine hour method.
Different Methods of Time Booking -
Following are the methods of time booking :
1) Weekly Time Sheets -
Better supervision can we exercised but manipulations are possible as the sheet is to be submitted at the end of the week. Sometimes be timings are entered collectively for a week, which are based upon the memory of the worker and may also be incorrect. Apart from this, worker may alter his timings for hide idle time and claim higher wages. They are just like daily time sheets. Instead of recording the details on day-to-day basis, the details are entered on the completion of the week. As 7 sheets are replaced by a single sheet this method is rather more economical.
2) Daily Time Sheets -
Complete details of the worker i.e. his name, code number, start time of the job, end time of the job, nature of the job are recorded in this sheet. This helps in checking that no false particulars are filled in the sheet. Where the size of the firm is small, all the workers are provided with a daily time sheet which carries the particulars of each job on day-to-day basis. The time spent on each job is calculated on day to day basis and the same is recorded on these sheets.
3) Labor Cost Card -
Instead of giving one card to each employee, only one card is passed on to all employee and time taken on the job is recorded by each employee. This card shows the aggregate labor cost of the job or the product.
4) Time and Job Card -
This card is a combined record, which shows both, the attendance time as well as the time taken for completion of the job. Therefore there is no need to keep separate record of both, time taken and attendance time.
5) Job Cards -
The shop supervisor issued one card to every worker. When a worker begins a work, time is recorded using a recording clock and the same card is purchased again on the termination of the job. Where the work is lengthy and in between certain breaks are required than also the same is punched on and off for the timings..
Types of Job Card -
There are four types of job cards. They are as follows :
1. Job Card for Each Job -
Where the number of jobs to be completed is high and each job goes through different workers who complete the job a separate card is issued for each specific job. By adopting this system, total labour cost can be easily computed.
2. Combined Time and Job Card -
As the name suggest this gives the combine information regarding the attendance time as well as the time allocated to each job including the idle time on weekly basis. It contain both the data, i.e. attendance time and job time are marked on a single sheet, thereby reducing the paper work.
Afterwords, attendance time is reconciled with the job time and the idle time ascertained can be dealt accordingly.
3. Job Card for Each Worker -
Under this, at the beginning of the day or week, each worker if handed over his respective card in which his start time and end time for a job are recorded.
4. Piece Work Cards -
A piece work card or a group piece card is allocated to each worker or to a group of workers, depending upon the system of wage payment is use. There is a particular card for particular job or one card for two jobs, one card may serve the purpose of recording the work done on several jobs, the number of pieces against each job and the time spent on them is recorded.
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