Chp3.

Employee
Costing
Theory Notes

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2022 May – Q6c

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2022 May – Q6c
(i) If overtime is resorted to grab some special orders, then overtime premium may be charged to the
overheads.
(ii) If overtime is worked in a department due to the fault of another department, the overtime
premium should be charged to the latter department.
(iii) Where overtime is worked regularly as a policy due to workers’ shortage:
The overtime premium is treated as a part of employee cost and job is charged at an inflated wage
rate.
(iv) Overtime worked on account of abnormal conditions such as flood, earthquake etc., should not
be charged to cost, but to Costing Profit and Loss Account.
(v) If overtime is required due to customer’s demand to expedite the job then overtime premium
should be charged to Job directly.

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2021 Jul – Q6 c

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2021 Jul – Q6 c

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2021 Jul – Q6 c

Theory Series for Costing | CA Inter | CAPRANAV

PYQ – 2020 Nov – Q4 c

Theory Series for Costing | CA Inter | CAPRANAV

MTP – 2022 April – Q6a

Theory Series for Costing | CA Inter | CAPRANAV

MTP – 2020 May – Q6 a

Theory Series for Costing | CA Inter | CAPRANAV

MTP – 2019 Oct – Q6 c

Theory Series for Costing | CA Inter | CAPRANAV

MTP – 2019 Apr – Q6 a

Theory Series for Costing | CA Inter | CAPRANAV

RTP – 2019 May – Q14 b

Theory Series for Costing | CA Inter | CAPRANAV

RTP – 2019 May – Q14 b

Theory Series for Costing | CA Inter | CAPRANAV