(Assignment # 01)

NAME: BILAL (2183180)

MBA (EXECUTIVE)
SOLUTION FOR EXAMPL
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
Actual hours working in four weeks 6528
Overtime Hours 448

Rate per Hour $ 4

Overtime Premium Per hour Rate @ 35%x4 $ 1.4
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

Overtime Premimun for 448 hours 448 1.4 627.2

Idle hours 188 752.00
IDLC 1,379.20
OLUTION FOR EXAMPLE

hrs
hrs
hrs

$
$
$
$
$

TOTAL IDLE HOURS

$
$