labour cost

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:30AM in AAT student discussion
how did you calculate it?<BR>basic hours<BR>overtime time n half<BR>over time double<BR>rate 7<BR>opps forgot the figures

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    labour cost

    Hi,<BR><BR>I think i did normal x £7, overtime and half x £10.50 and overtime double x £14.<BR><BR>Not sure if that is right though, as the other papers i did, had a different way of working out the labour cost.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    labour cost

    i did 7 x something =56, 000<BR>7 x 1.5 x something = 14, 000<BR>7 x 2 x something = 15, 500<BR><BR>total 85,500<BR>i think
  • System
    System Posts: 100,534 🤖 Admin 🤖
    labour cost

    you 100% right
  • System
    System Posts: 100,534 🤖 Admin 🤖
    labour cost

    oh thank you <img src="i/expressions/face-icon-small-smile.gif" border="0">
  • System
    System Posts: 100,534 🤖 Admin 🤖
    labour cost

    <BR>Total normal rate = 7 x 9500 = 66500<BR>overtime premium (times 1.5) = 7 x 500 x 1.5 = 5250<BR>overtime premium (times 2) = 7 x 1000 x 2 = 14000<BR><BR>Total labour cost = 66500 + 5250 + 14000 = 85750<BR><BR>

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