Explain the Integration of Payroll with the Human Resource Management

question 68

Essay

Explain the integration of payroll with the human resource management (HRM)system that often happens in moderate- and large-sized organizations.

Understand the role of standard cost systems in job order and process costing.

Understand factors contributing to variances and their interpretations.

Develop and analyze direct labor rates and hours for budgetary control and performance measurement.

Calculate and interpret standard cost and budgeted cost estimations for materials and labor.