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A summary of Perky’s factory payroll for October showed the following:
Basic hours 7,000
Hours of overtime 1,000
Hours of idle time 500
The idle time, which arose due to a power cut, increased the hours of overtime worked due to general work pressures.Basic pay is $15 per hour, and overtime is paid at a premium of ?33 and one third percent sign?.
Calculate the indirect labour cost for October.
Please can you explain me how to get overtime preium amount, i got it wrong. i got 1650$, and for the idle time i got correct. i watched your videos but this task i can not solve.
Thank you
Given that the basis pay is $15 per hour, the overtime premium is 33.33% x $15 = $5 per hour.
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