Here I have solved third problem of Overtime where we have to allocate the Overtime Premium to Job and Overheads.
This is Illustration 5 from the ICAI Study Material.
ā±TIMESTAMPS
00:00 - Question - ICAI Illustration 5
07:30 - Solution
08:48 - Case A - Regular OT due to workers shortage
15:16 - Case B - Irregular OT to meet production requirements
19:59 - Case C - OT at the request of customer
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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