Labour costing is a common topic for management accounting courses. In this video, I have simplified the calculation of labour costing including basic and overtime premium calculation.
This topic is important for university and professional students such as AAT, CAT, FIA, ACCA, CIMA, ICAEW, CPA, CGA, BBA, Bcom and other accounting students.
AAT Level 3 Management accounting costing students will benefit directly from this video.
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Labour Costing calculation (Basic and overtime premium)
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