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ACCA F2 Accounting for labour
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goodevening sir.am struggling to pass F2 .wat other resources should i use,i dd f1,F3 and F4
there was a question in the textbook and in that question it was given that overtime is paid at a time and a quarter. what does it mean? and how to we determine how much is paid from that. Also they have given the hours worked overtime.
Im not sure if Im allowed to answer, but a time and a quarter means 100% + 25% of the normal hourly pay.
Thank you:)
Azam is correct 馃檪 (and yes – you are certainly allowed to answer 馃檪 )
Thank you very much 馃檪
You are welcome 馃檪
THERE WAS A QUESTION I WAS UNABLE TO ANSWER
BUDGETED OUTPUT IS 2400 UNITS
BUDGETED HOURS IS 1920 HRS
ACTUAL OUTPUT IS 1800 UNITS
ACTUAL HOURS IS 1950 HRS
CALCULATE THE LABOUR EFFICIENCY
Please do not use capital letters!
Please ask this sort go question in the Ask the Tutor Forum, and not as a comment on a lecture.
Sir, Thank You for your lecutures.
However, the Text book has small part on making Labour Accounts (T-accounts) which I am weak in. Could that be explained as it comes even in the absorption costing chapter.
Preparing accounts is very rarely tested in the exam and even if it is then it would only be for very few marks indeed.
Listening away to your lecturers with Spotify>relaxing paino in the background. Thanks for making my study easy and affordable!!
Thank you for the comment 馃檪
Just how much of this portion of the syllabus is examined, out of interest?
Appreciate these lectures very much.
Thank you for the comment.
Everything in the syllabus is examined, but there are unlikely to be more than 1 or 2 questions from this chapter.
In essence general overtime is treated as an indirect cost?
I had a question which asked to calculated direct and indirect cost and general over time was included in the direct cost, was this wrong ?
The basic pay for the overtime is a direct cost. The overtime premium (the extra above the basic pay) is an indirect cost.