Bookkeeping

From baby boomers millennials and workplace safety to Gen Zers, organizations could have up to four generations of workers. And for safety professionals, bridging the gaps between these groups (preferred communication methods and learning styles, for example) can be a challenge. Ultimately, telemedicine is the workplace safety technology that makes it easy for employers to …

Gen Z, Millennial workers think these office faux pas are OK Read More »

Gen Zers, meanwhile, had access to technologies and social media during their early years and are generally quite tech savvy. Taking the time to update the course material and graphics that go along with it will create a safety training program that millennials can connect to and learn from. Tactics like this will be far …

Managing Multi-Generational Communication in the Workplace Read More »

The cost object can be a brand, project, product line, division/department, or a branch of the company. The company should also determine the cost allocation base, which is the basis that it uses to allocate the costs to cost objects. One of the most common uses of cost allocation is distributing overhead expenses such as …

Cost allocation Definition, Method, Example, Purpose Read More »

The calculation of a product’s cost involves threecomponents—direct materials, direct labor, and manufacturingoverhead. Assume direct materials cost $1,000 for one unit of theBasic sailboat and $1,300 for the Deluxe. Direct labor costs are$600 for one unit of the Basic sailboat and $750 for the Deluxe.This information, combined with the overhead cost per unit, givesus what …

Cost Allocation Methods What Are They, Types Read More »