Page 124 - DCOM202_COST_ACCOUNTING_I

Cost Accounting – I

Notes Specimen of job card is as follows:

Works Order No. : ............................... Date : ................
Department : ............................... Time : ................
Operation No. : ............................... Starting : ................
Machine No. : ............................... Finishing : ................
Job No. Description Time Hours For Cost Office
On Off Rate Amount

Worker’s No. : ............................. Signature of foreman : ....................................
Signature : ..............................

Motion Study: Analysis and examination of existing and proposed methods of performing
a work.

In brief, the motion study aims at finding out the most scientific and simple way of
performing an operation or doing a job. Thus, the technique should take into consideration
not only the human element in the job but also materials, plant and machinery, tools and
equipments, etc., to be used.
Advantages of Motion Study: The advantages of motion study are as follows:
(i) It improves methods of performing a work or job by reducing all unnecessary
elements involved,
(ii) It aims at better utilization of available resources in the factor, and
(iii) As a result of reduction of wasteful elements, highest level of activity can be achieved
all round.
Time Study: The concept of time study was introduced by F.W. Talyor. It refers to the
analysis and determination of the time necessary to perform a given task. It replaces the
old practice of using past performance as a method of establishing the time followed for the
performance of a task.
Advantages of Time Study: The advantages of time study are as follows:

(i) Exercising cost control through proper planning,
(ii) Assessing the labour requirements correctly,
(iii) Fixation of wage rates and introduction of incentive schemes, and
(iv) Standardizing jobs, equipments, etc., by giving guidance as to the best method of
operating in the time allowed.

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