Types of Damages for Breach of Contract with Examples

Types of Damages for Breach of Contract There are four types of damages which can be claimed by the aggrieved party. Ordinary Damages or General Damages. Special Damages Exemplary or Vindictive Damages. Nominal Damages. 1. Ordinary Damages or General Damages Damages that arise in

Avoidable and Unavoidable causes of Labour Turnover

Causes of Labour Turnover The problem of labour turnover cannot be solved if the causes of labour turnover are not known to the organization. Moreover, the causes of labour turnover are divided into two categories. They are avoidable causes and unavoidable causes. Avoidable Causes

Absorption of Overhead | Overhead absorption Rate | Objectives

What is Absorption of Overhead? Overhead absorption is the process of spread over the overhead to the production for a specific period. This is otherwise called as overhead application, overhead costing, levy of overhead, recovery of overhead, burden application or burden absorption. The production

Advantages and Disadvantages of Cost Accounting

Advantages of Cost Accounting The extent of advantages derived from the cost accounting is based on the type, adequacy and efficiency of cost accounting system installation. Moreover, the management at the maximum should accept the advises given by the cost accounting system. If so,

Various methods and Types of Costing

Methods or Types of Costing Basically, costing is divided into two methods. They are job costing and process costing. Even though, two more costing methods are generally used by some manufacturing concerns. They are composite or multiple costing and farm costing. The basic principles

3 Important methods to calculate Labour Turnover | Formulae

Methods of Calculating Labour Turnover The following are the main methods of measuring labour turnover. 1. Calculating Labour Turnover by Separation Method Under the Separation Method, the relationship between the number of workers separated or left from the organization and average number of workers