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Ask the Tutor ACCA MA

MA - Overtime calculation

TToan4y ago
Hi Mr. John, Can you explain to me the statement "overtime paid at time-and-a quarter"? Thank you so much.
John MoffatJohn MoffatTutor4y ago#1
If the normal rate of pay is $10 per hour, then it means that overtime is paid at the rate of 10 + (1/4 x 10) = $12.50 per hour. Have you watched my free lectures on accounting for labour? The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
TToan4y ago#2
Your example is perfect, thank you a lot Mr.John ^^
John MoffatJohn MoffatTutor4y ago#3
You are welcome :-)
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