Here I have solved first problem of Overtime where we need to caluclate Overtime Payment, Earnings of Workers, Employee Cost and Allocation of Wages to Jobs.
This is Illustration 3 from the ICAI Study Material.
ā±TIMESTAMPS
00:00 - Question - ICAI Illustration 3
06:00 - Solution - Overtime and Earnings
12:10 - Calculation of Employee Cost
15:59 - Allocation of Wages to Jobs
Labour Costing Chapter Playlist
https://youtube.com/playlist?list=PLVjZhvcpvcGosEwWqeIRkbClTiivKcCzI&si=OuB6brlgF4BfHmQ5
This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
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