Accounting for Labour – ACCA Management Accounting (MA)

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1. talhaiqball says

   June 5, 2023 at 7:23 pm

   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.

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   • John Moffat says

     June 6, 2023 at 6:36 am

     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).

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     • talhaiqball says

       June 6, 2023 at 12:55 pm

       okay thank you for the help sir got it

     • John Moffat says

       June 6, 2023 at 3:54 pm

       You are welcome 🙂

2. opentuition_team says

   February 14, 2023 at 4:23 pm

   Thank you for your comment 🙂

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