An hour spent working on a product, service, or cost unit produced by an organization by those operators whose time can be directly traced to the production. The direct labour hour is often used in absorption costing as a basis for absorbing manufacturing overheads to the cost unit.
A comprehensive guide to understanding, utilizing, and optimizing timesheets for tracking time spent on tasks.
Time and Billing Software is a computer program that tracks hours spent by various functions and chargeable expenses of staff accountants for a given client. This software uses sources such as hourly rates, time sheets, practice, and time management reports to generate detailed accounting reports and client bills.
