Labour Costing calculation (Basic and overtime premium)

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Labour costing is a common topic for management accounting courses. In this video, I have simplified the calculation of labour costing including basic and overtime premium calculation.

This topic is important for university and professional students such as AAT, CAT, FIA, ACCA, CIMA, ICAEW, CPA, CGA, BBA, Bcom and other accounting students.
AAT Level 3 Management accounting costing students will benefit directly from this video.


Our lead tutor is Mr Ilias Rubel ACCA (UK), MBA (ARU London), AET (London). He has 15 years teaching experience in both UK and Asian countries and been helping thousands of students online.

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Комментарии
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I am an AAT student and Your Explanation is so good in this topic.I had been struggling so much but you have just made it easy!

TheoJ
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Thank you for another amazing explaination 😄 hopefully will be able to put this into practice when I do my question bank questions soon 👌

sweetie
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Can I post a question? I need your assistance.
In a case where you're given a question to prepare a quotation and you're given:
Direct materials(the company uses the AVCO to value inventory)
Director labour (given machine hrs, Labour hrs and costs)
How do you prepare a quotation

molly
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Can you break down how time and a half equated to £5? If an hour is £10, then time and half is £15 surely?

nadia
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Hi!! Thanks for you video, quick question why don't you have any overtime premium for Tuesday??

svt