Basic Pay of all 40 worker 24320 So Basic Pay for Over Time 1792 Direct Labour Cost Over Time Premium 627.2 Gross Wages 26739.20 Indirect Lab Deduction( 30% Gross wages) 8021.76 Indirect Labour Cost Net Wages 18717.44
Note. Calculations based on given data as detailed as under
Given Data
Total Employee = 40 Nos
Period = 4 weeks Basic Pay Rate = 4 $ per 38 hrs per week Hours for all 40 worker for 4 weeks = 6080 hrs done Hours for all 40 worker for 4 weeks = 6528 hrs Iddle Time = 188 hrs Over Time 448 hrs Over time premium Rate per 1.4 Hour $ per Over time hours Iddle Cost 752 $ Direct Labour Cost
Productive Time 6340 Hrs
Direct Labour Cost $ 25360
Indirect Labour Cost
Indirect Labour Cost $ 1379.20 *
* Indirect Labour Cost = Premium Cost for Over time + Iddle Cost time + Iddle Cost