Help with wages calculations
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wonderwife2008
Registered Posts: 41 Regular contributor ⭐
I am practising wages calculations and wondered if someone could help with the following:
At RBA Ltd the basic working week is 8 hrs per day mon to fri. Any hours in excess of 8 hours are paid at the basic hourly rate of £8 plus an overtime premium of 50% of basic pay. Any hours worked on saturday and sunday are paid at an overtime premium of 100% of basic pay.
Work out the basic wage and overtime premium for each day:
Monday 8 hrs worked direct tasks
Tuesday 8 hrs worked
Wed 9 hrs worked
Thursday 10 hrs worked
Friday 8 hrs worked
Saturday 8 hrs worked
Sunday 4 hours worked
Then calculate the direct wage cost and indirect wage cost for the week (overtime premium is calculated as an indirect cost)
I always get the basic and overtime in the wrong columns :blushing:
At RBA Ltd the basic working week is 8 hrs per day mon to fri. Any hours in excess of 8 hours are paid at the basic hourly rate of £8 plus an overtime premium of 50% of basic pay. Any hours worked on saturday and sunday are paid at an overtime premium of 100% of basic pay.
Work out the basic wage and overtime premium for each day:
Monday 8 hrs worked direct tasks
Tuesday 8 hrs worked
Wed 9 hrs worked
Thursday 10 hrs worked
Friday 8 hrs worked
Saturday 8 hrs worked
Sunday 4 hours worked
Then calculate the direct wage cost and indirect wage cost for the week (overtime premium is calculated as an indirect cost)
I always get the basic and overtime in the wrong columns :blushing:
0
Comments
-
Hi
I think if my calcluations are correct that the answer should be
Direct wage Cost £440
Indirect Cost £108
Made up as follows Total hours 55 hrs @ 8 = £440 direct
Wed/Thurs o/t 3 hrs @ 4 = £12 indirect
Sat/Sun o/t 12hrs @ 8 = £96 indirect.
Hope this answer your question. and if i'm wrong i'm sure someone will shout at me. :001_smile:0
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