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Managerial accounting The attendance of time-rated workers can be verified from the clock cards. Production can be verified from piece work tickets and job card

Managerial accounting The attendance of time-rated workers can be verified from the clock cards. Production can be verified from piece work tickets and job card for piece rated workers. The cost department checks the particulars and calculates the gross wages, the deductions to be made and the net wages payable. A wage ticket is then prepared for each worker. This enables the worker to verify the amount of wages and also acts as an identification at the time of payment. A denominational analysis of the money required by different departments or shifts is prepared. The required amount is withdrawn in the required denominations. The wages of each worker is put in an envelope and paid in the concerned department in the presence of the departmental manager.

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