• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

labour costs and remuneration methods

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › labour costs and remuneration methods

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 7, 2014 at 5:30 am #186795
    rajive
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Employees are paid $7/hour for a standard 40 hour week. Overtime is paid at time and one half.
    The employee is expected to make at least 120 units in a week, and to encourage productivity, each unit in excess of 120 will generate an additional payment of $5 less any overtime premium that would relate to the time the additional unit would normally take.
    What is an employee’s wages in a week in which 135 units are made and the employee works 44 hours?

    Example 1
    Note: each unit is expected to take 40 x 60/120 = 20 minutes

    $ Basic wages for 44 hours = 44 x $7 = 308.00
    Overtime premium 4 x $7 x ½ = 14.00
    Extra units 15 x $5 75.00 Overtime premium that could be associated with the extra units
    15 x 1/3 x $7 x 1/2 -17.50 379.50

    What was the calculation made that cause 1/3 to be included? Can’t understand where it came from.

    August 7, 2014 at 10:25 am #186900
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    Each unit should take 20 minutes to make ie 1/3 of an hour.

    Therefore, if extra 15 units are made this implies 15/3 = 5 hours overtime, and the overtime premium rate is 1/2 x $7

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Abdinur on FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)
  • YvonneB on Introduction to Taxation – CIMA F1 Financial Reporting
  • Arnold89 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • deepikasingh on ACCA BT Chapter 17 – The nature of communication – Questions
  • deepikasingh on ACCA BT Chapter 14 – How people learn – Questions

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in