(Assignment # 01)

NAME: BILAL (2183180)

MBA (EXECUTIVE)
SOLUTION FOR EXAMPLE
MANAGEMENT ACCOUNTING
Professor: Sir Raheem

Total no. of Direct Workers 40

Total no. of Weeks workers Worked 4
TOTAL Direct Workers worked four weeks 160
STANDARD HOURS WORKERS WORKED 38 160 6080 hrs
Actual hours working in four weeks 6528 hrs
Overtime Hours 448 hrs

Rate per Hour $ 4

Overtime Premium Per hour Rate @ 35%x4 $ 1.4

HASHAM ABRAR

REG ID: 2183283

Basic Wages / Pay for Standard Hours 4 6528 26112 $
Overtime Premimum Pay 1.4 448 627.2 $
Gross Wages (26112+627.2) 26739.20 $
Deduction 30% 8021.76 $
Net Wages 18717.44 $

Total Actual Wages hours 6528 Hrs

IDLE HOURS 188 Hrs
Total Productive Hours 6340 Hrs

Direct Labour Cost (DLC) (6340x4) 25,360.00 $

Indirect Labour Cost (IDLC) OVERTIME HOURS ADD TOTAL IDLE HOURS

Overtime Premimun for 448 hours 448 1.4 627.2 $

Idle hours 188 752.00 $
IDLC 1,379.20
N FOR EXAMPLE

TOTAL IDLE HOURS