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Employee cost control - Coggle Diagram

- - - - Part of cost
        of production
      - exclude normal for computing
        effective hourly cost
    - - Costing Pnl
        
        controllable
        
        Uncontrollable
  - - - working more than 9 hrs or
        48 hrs per week - 2x ordinary wages
      - if wages is piece rate timerate shall be
        equavelent of samejob preceeding month
    - - wages at normal rate + premium
    - - customer agree to bear
        
        charge to the job
      - shortfall in production
        due to unexpected reasons
        
        should be treated as OH
      - short fall due to faulty management
        
        charge to other deptt
        that caused OT
      - due to rising demand taking advantage
        
        costing pnl
- - - - Straight time rate
        
        Time rate x worked
      - Differential timerate
        
        varies respectively with
        efficiency
    - - Straight piece rate
        
        piece rate x produced
      - differntial piece rate
        (efficiency)
        
        taylor's
        
        83% <-100-> 125%
        80%.................120%
        
        Merrick
        
        Upto 83%.......N
        
        above 83% - 100% ......N+10%
        
        Above 100% .....N+20% (or) 30%
    - - Grant task
        
        <SO---timerate
        
        =SO----time +20%
        
        SO---high piece rate
        or piece + 20%
      - Points (or) bedaux
        
        <Standard time = Normal rate
        
        Standard time = Normal + 75% time saved
      - Emersons efficiency
        
        <66.67% ---time
        
        66.67 - 100%----bonus(0.01-20%)
        
        100---basic + 20% +1%for every %
    - - halsey premium
        
        Normal + 50% time saved
      - Rowan premium
      - Barth system
    - - priestman's production
      - Cost efficency bonus
        
        Nunn bush plan
        
        Scanlon plan
        
        Rucker plan
    - - Dissatisfaction
      - Increased efficiency
      - Entitlement
      - Dependency of indirect employee
- - - - Invoice
        (-) rebate
        (-) discount
        +taxes+commision
      - sub contracting
        
        agreed price
        
        material + other expenses
    - - forms part of prime cost
      - If it is insignificant it
        can be treated as OH