Group bonus plan, Cost Accounting

Assignment Help:

Group Bonus Plan

There are specific operations or jobs that require to be done collectively via a group of workers, as an example of, continuous production work flows in assembly a or in sequence work of computers, televisions or radio. A team of workers is engaged in several operations and as such, it becomes essential to introduce bonus schemes for collective efficiency of the group as a whole and the intention is to make a collective interest in the work. In this case, the bonus is shared with the members. The proportionate share may depend on a number of factors, as like an example, the level of employee in management structure, the department whether the employee falls, his recent salary and so on.


Related Discussions:- Group bonus plan

Advantages of average costing method, Average costing method has the follow...

Average costing method has the following main advantages: 1.It is a realistic costing method useful to management in analyzing operating results and appraising future production

Calculate remuneration of employee of an organisation, Calculate Remunerati...

Calculate Remuneration of Employee of an Organisation Based on the data underneath that you are necessary to calculate the remuneration of all employee like determined with ea

Calculate the discounted cash flow and net present value, King Airlines ...

King Airlines King Airlines is one of many low-cost airlines in Europe. The managers want to expand the business and have an opportunity to purchase a second-hand plane to op

Internal rate of return, With the internal rate of return, how can a compan...

With the internal rate of return, how can a company use the ROI methodology as a realistic measurement? Please discuss the pros & cons of each measurement statistic.

Cost Accounting, Cost Accounting advantage and features

Cost Accounting advantage and features

Why different countries have different accounting standards, As a potential...

As a potential investor, what is the problem with different countries having different accounting standards? As the president of a multinational company, what is the problem with

Investment, under which type of asset the investment comes

under which type of asset the investment comes

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd