Here i have explained the concept of Idle Time and Effective Hourly Rate with conceptual example with normal idle time and abnormal idle time.
I have also solved first problem of normal Idle time where we have to calculate effective hourly cost. (Effective Hourly Rate)
This is Illustration 1 of the ICAI Study Material. ( X Employee and ABC Co. )
⏱TIMESTAMPS
00:00 - Idle Time Concept
05:22 - Normal Idle Time
08:29 - Effective Rate Per Hour with Example
20:14 - Abnormal Idle Time with Example
28:38 - Problem 1 - ICAI Illustration 1
Labour Costing Chapter Playlist
• Labour Costing - B.COM...
This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
Clear your doubts by direct messaging us on Instagram
/ sahebacademy
Please Like, Subscribe and Share this video on your social media account.
#CostAccounting #LabourCosting #EmployeeCost