If there are 100 at the start and 70 at the end, then the average is (100 + 70)/2. This is the normal way of calculating any average of two numbers. If you are still unsure then watch the later video on averages.

In the Kaplan textbook it says to work out the Labour turnover rate you put the number of employees that have left on the top, where as you have calculated it by looking at how many replacements have been made and putting that on top.

sir here you explained an example of time work from the notes, saying that the total pay of the labour will be $30 whereas in the notes that example is explained as $30 only being the total overtime premium so I’m a bit confused now with overtime premium concept please explain it to me sir.

The notes don’t say that – they say the same as the lecture.

If they were not paying extra for overtime then the 4 hours would have been paid 4 hours x $5 = $20.

Because the overtime is paid at time and a half, they will actually be paid 4 x 1.5 x $5 = $30. This is the total that will be paid for the 4 hours of overtime.

The overtime premium is the extra that they are paid for working overtime and so is 30 – 20 = $10 (or 4 hours x 0.5 x $5).

sxrxxwxn says

Why is the average number of employees 100+70 divided by two? That part is very confusing to me

John Moffat says

If there are 100 at the start and 70 at the end, then the average is (100 + 70)/2. This is the normal way of calculating any average of two numbers. If you are still unsure then watch the later video on averages.

Ardala says

hi

SaskiaGunson says

Hello,

In the Kaplan textbook it says to work out the Labour turnover rate you put the number of employees that have left on the top, where as you have calculated it by looking at how many replacements have been made and putting that on top.

Which method would be correct.

Many thanks

John Moffat says

I do not have the Kaplan books so as to check what they have. However what I do in my lectures is 100% correct and is what the ACCA expect.

SaskiaGunson says

Thank you very much John.

I appreciate your time

John Moffat says

You are welcome 馃檪

talhaiqball says

sir here you explained an example of time work from the notes, saying that the total pay of the labour will be $30 whereas in the notes that example is explained as $30 only being the total overtime premium so I’m a bit confused now with overtime premium concept please explain it to me sir.

John Moffat says

The notes don’t say that – they say the same as the lecture.

If they were not paying extra for overtime then the 4 hours would have been paid 4 hours x $5 = $20.

Because the overtime is paid at time and a half, they will actually be paid 4 x 1.5 x $5 = $30. This is the total that will be paid for the 4 hours of overtime.

The overtime premium is the extra that they are paid for working overtime and so is 30 – 20 = $10 (or 4 hours x 0.5 x $5).

talhaiqball says

okay thank you for the help sir got it

John Moffat says

You are welcome 馃檪

opentuition_team says

Thank you for your comment 馃檪