The main components of ones' package are
Basic salary:which decided upon ones' educational quaification.hence this part can be justified with what the industry standards to that degree.
Maintenance allowance and HRA: this is to keep your lifestyle and living standard upto the mark of the company since you are its ambassador.
Conveyance allowance: will take care of your movements so that you can reach with the best of you for all the meetings.
Medical allowance is ofcourse to keep the best of the health so that you dont have to take SL.
PF is to fulfill legal norms.
Insurances,gratuity etc. are to make you feel secure so that you can concentrate on work rathe than thinking of you children's future.
Bonus and other incentives are the loyalty charges to keep you motivated and with the company. and their are few other allowances which are given to increase your CTC more than others if you are experienced hence that goes to the experiuence account.
The components of cost to company typically include basic salary, bonuses, benefits (such as health insurance and retirement contributions), allowances (such as transportation or housing), and any other perks or incentives provided by the employer.
There are three components of a cost sheet. These components are the prime cost, the factory cost, and the total cost.
== == Cost to company in brief means all the cost which the company incurrs for maintaining the employee. This generally includes not just the salary which the employee draws at the end of the month but also includes all the other components like 1. Employer contribution to PF 2. Employer contribution for insurance / pension schemes 3. meal subsidies 4. travel subsidies etc. This may not neccessarily form part of the salary slip, but are taken into consideration for computing cost to company
OK. That's three questions, and in the wrong category.
Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.
Altronics is a Australian company, established in 1976, that specializes in selling electrical components and goods. They have dealerships all across Australia.
Transportation cost is basically cost to operate a transportation vehicle and its maintenance costs. The total cost of transportation would then be the sum of all the components that relate to vehicle of travel.
Direct labor and direct materials are the two main components of prime cost. Another component of prime cost is direct expense.
The principal components taken into account to calculate the cost of capital are the following: The dollar cost of debt, the dollar cost of preferred stock, and the dollar cost of common stock.
eoq =economic ordering cost is constant
All the cost belong to you, for great justice.
There are no real low cost rehabilitation centers. They all cost a lot of money if your insurance company will not cover some of the costs.
Performance Cost