Difference between revisions of "Overtime premium"
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Latest revision as of 20:45, 10 July 2020
Overtime premium is wage rate paid to workers (for both direct labor and indirect labor) in excess of their straight-time wage rates.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Overtime premium. Wage rate paid to workers (for both direct labor and indirect labor) in excess of their straight-time wage rates.
