Labour Budgets

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jewels.p
jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
What is the best order to do a labour budget in? I can handle production budgets but get all muddled up when trying to put the labour budget in some kind of order.

Any tips?

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  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    Not sure if this is what your asking but when calculating labour budget i

    Calculate avaliable Hours

    Then Hours Needed

    Work out standard hours @ Standard Cost
    Then overtime @ Standard + Premium
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Well I mean how do you lay it out. For example in the answers for Dec 08 it lists it as:

    Prod Req
    Units/hr
    Req hrs
    No.of Employees
    Available hrs
    Hrs at Bas Rate
    Overtime hrs
    Cost of Bas Rate
    Cost of Overtime hrs
    Total cost

    Is this the way all labour budgets should be laid out in an exam or does it depend on info given? I never know how to approach these budgets
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