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Yes overtime basic pay to workers is direct labor cost as this cost is identifiable separately.
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∙ 9y ago
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Is overtime pay fixed or variable?
Variable
How is overtime pay often calculated?
at one and one half times the hourly rate
How is overtime calculated on a bi monthly pay payroll?
Usually hourly at time and a half. Can be banked, too.
Why direct production labor cost might be regarded as a fixed cost rather than as variable cost?
Direct labor wages are normally Variable costs, charged directly to the Production Cost Account, what is commonly called WIP. It is commonly held that direct labor wages change proportionally to the changes of the production level. In fact, however, hourly wages are only related to a time unit, not to pieces produced. True direct wages are piece-work wages, but very few industries pay their workers by unit of production. We should have the option to treat a direct labor wage as a fixed cost, just as salary is a fixed cost. Monthly or hourly, these payment are paid by time interval, not by production unit
Is overtime included in the computation of tax refund?
I am not sure what your asking. Overtime pay, as in any income, is included in the calculation of the tax you owe. The amount you pay in (withheld from your paycheck and sent in as an estimate of the tax that will be due), is dependent on a number of things, and does NOT change the amount you owe. the amount if any you have refunded just is the amount you over-estimated in advance payments for the income you actually had to pay tax on.
Is overtime pay part of the basic pay?
no
What do they base your pay on if you qualify for disability?
Basic annual salary, not including overtime, even if the overtime is part of your regular pay or contract. It doesinclude locality pay if you are a Federal employee.
Does direct tv imply a lot of investment?
The basic package for Direct TV does not imply a lot of investment. It will cost more to add on "specialty packages" to the basic package. To have channels like HBO, Starz and exclusive sports channels, you will have to pay extra.
What does the average person pay for Directv?
It depends what package you're planning to get. An basic cable package for direct t.v will cost you around $70.00 that including hi-definition since direct t.v have free hi-definition.
How is overtime rate and overtime pay calculated?
To calculate overtime pay, follow these steps: Determine Overtime Rate: Typically, it's time and a half (1.5 times the regular rate). For example, if the regular rate is $20/hour, the overtime rate is $30/hour (1.5 x $20). Calculate Overtime Hours Worked: Overtime is usually the hours worked over the standard full-time hours (often over 40 hours per week). Calculate Overtime Pay: Multiply the overtime hours by the overtime rate. E.g., for 8 overtime hours at a $30/hour rate, the overtime pay is 8 x $30 = $240. In Excel: Set up columns for names, regular hours, hourly rate, overtime rate, overtime hours, and pay. Multiply regular hours by hourly rate for regular pay. Multiply overtime hours by the overtime rate for overtime pay. Add regular and overtime pay for total pay. Ensure accuracy in calculations to avoid compliance issues. For complex situations, consider using dedicated software or automation tools.
Are hourly rate truck drivers entitled to overtime pay?
Yes your company has to pay overtime In California.
I have a class A, CDL and drive for a company in Arkansas. Does this company, by law, have to pay me overtime?
No. Companies are not required to pay overtime!
What is the payscale of a post office employee?
The USPS has competitive basic pay rates. Postal Service employees receive regular salary increases, overtime pay, night shift differential, and Sunday premium pay.
CRPF hawaldar salaries after sixth pay commission?
I am dahcro(direct appointe radio operator , what should be my basic pay in six pay commission..
What happens to your overtime if you call out sick?
It depends on your employer but typically it will be paid as straight-pay and not overtime pay. Straight-pay meaning your normal hour wage.
Is it illegal to not pay overtime?
Depends. If a worker is getting paid by the hour and is not otherwise exempt, it usually is illegal for an employer not to pay overtime.
How do you explain how to calculate overtime pay?
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
