Chapter 3 Labor Costing Q

Chapter 3: Labor Costing 2016
Cost & Management Accounting

Bachelors of Business (Specialized in
Finance) – Study Notes & Tutorial
Questions
Chapter 3: Labor Costing
1 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

INTRODUCTION
Labour is the second element of cost after materials. Labour cost represents the remuneration for
employees’ effort in the production process. Controlling labour cost involves complex
procedures since it involves human beings and controlling human behaviour is complex. This
chapter will explain the process for determining and controlling labour cost.
Labour as a factor of production.

Factors of production are resources or inputs that are used to facilitate the production of goods
and services. Labour is the effort of employees required to transform raw material into finished
goods and services. Labour takes the form of employee knowledge, expertise and experience.
Without these skills, production cannot take place. Labour encompasses all categories of the
workforce of an organisation spanning from top management down through the hierarchy of
responsibility to the grass root workforce.
From the perspective of cost accounting, labour cost determination and control is very important
because it has huge cost implications for the organization. Labour cost consists of: recruitment
cost, cost of training and staff development, wages and salaries, employee bonuses, overtime
premium, group incentives etc. if these cost are not properly controlled, total cost may not be
minimized.
Labour recruitment process cost

Labour recruitment refers to the process of engaging employees in the organization for their
services. Depending on the policy of the organisation, the mode of recruitment is determined
either internally or externally. The following steps are usually undertaken:
 A job analysis is done to determine the role, responsibilities, and person specification
required.
 Internally- an advert is placed on company notice board and a search conducted.
 Externally, consideration is given to various search options like labour office,
newspapers, outsourcing, job fairs, executive searches and so on.
 Applicants respond to companies‟ invitation and the company proceeds to shortlist
potential applicants.

Selection Process
 Interviews are conducted- whether structured or unstructured. A structured interview
should have an agreed format with questions ordered to evaluate applicants.
 The right candidate is selected using pre-determined criteria.
Labour Induction and Placement
This is a programme carried out to ensure that new employees are as soon as possible integrated
into the culture of the organisation by becoming familiar with the values and norms of the
organisation. Employees are then placed according to their experiences and competencies.
Training may then be provided to ensure enhanced performance. Training may involve a
consideration of the following:
 Training needs analysis

 Assess training budget.
 Prioritize what is most critical.
 Define skills, knowledge abilities and objectives desired after the training.
 Consider the training method.
 Evaluate the training
Labour recruitment cost as well as other labour cost therefore includes the following:
 Advertising cost
 Interviewing expenses
 Training expenses
 Cost of wastages of new employees
 Wages and salaries of employees
 Overtime premiums
 Employee bonuses
 Retirement payments etc.
Labour Timing and Assessment.
After employees have been engaged and they begin to work, there is the need to time them as
they work so as to assess their performance and also to make it possible to cost work that they

do. Various organisations use different methods to time their employees. Examples of methods
used include the following:
The use of the Attendance Register
The use of Clock Cards
The use of Attendance Boards
The use of Job Sheets and Job Books etc
The above records will then be used as evidence of:
The number of hours worked by employees
The time spent by each employee on any Job
The number of hours during which each employee was idle etc.
These will then form the basis for computing the wages of employees.
Labour Behaviour and Control

Labour is about human beings and so it is relatively difficult to control human behaviour.
However, it is important that steps are taken by the organisation to control human behaviour.
Some of the mechanisms for labour control are:
 Time keeping- employees are required to record the time he /she reported for work and
the time he/she departed from the work place. The employee is also required to record the
time spent on each job or work that he/she does.
 Monitoring and supervision- employees are monitored and supervised by senior officers
who observe the work attitude of the employee.
 Evaluation- the work of the employee is evaluated by his peers, clients and by
management. This motivates staff to exhibit positive work attitude.
 Reward schemes- rewarding effective employees through bonuses and incentives drives
employees to work hard.
Job evaluation
This is a technique which seeks to show the relative worth of each job so as to rank it against
other jobs and ultimately establish the appropriate weight of remuneration to attach to the job.
Job evaluation analyses the content of each job using yardsticks such as degree of responsibility,
decisions involved, training and experience required, working conditions etc, awarding points for
each yardstick.

Merit rating
Whilst job evaluation assesses the worth of the job, merit rating measures the jobholder’s
performance so as to determine whether the employee should be promoted, demoted or given a
special award. It also uses its own yardsticks on the performance and attributes of the employee
like accuracy, initiative, level of responsiveness, willingness etc. Most industries employ rating
techniques at the end of each year in order to determine the progress of each employee within the
salary structure.
Work study
This is a system of increasing or maximizing the productivity of an operating unit by

reorganizing the work of that unit. Work study is sub-divided into two major methods namely
methods study and work measurement.
Method study
This is the recording and critical examination of existing methods of doing work and comparing
same with proposed methods with a view to coming up with easier methods which would be
more effective and cheaper on the long run.
Work measurement
As the name suggests, work measurement seeks to measure the time required for a qualified
worker to complete a specific assignment at a specified level of performance.

Labour Cost Computation
There are two basic methods of remunerating labour; time based remuneration and output based
remuneration.
Time Rate Methods of Remuneration
The amount earned by the employee is based on the number of hours spent at his place of work
and not on the quantity of work produced. The Gross wage is calculated as Hours Worked × Rate
per hour. However when overtime is worked, the payment to the employee will also include
premium on the overtime hours.
Advantages of Time rate methods of remuneration are:

 It is simple to operate and easy to understand
 The quality of work produced tends to be higher since the worker is not in a rush to
complete a job in order to maximize his earnings.
Disadvantages of Time rate methods of remuneration are:
 There is no financial incentive to produce more than a minimum amount. In fact, there is
often an incentive to produce as little as possible so that the worker can increase his
wage.
 To monitor and check idleness the employer will be obliged to incur supervision cost.
 The method is often unfair because lazy workers and hard workers are paid the same
rates.
Piece rate methods of remuneration
Under this method, the amount earned by the employee is based on the number of units
produced. Piece rates can be examined under three headings, namely:
1. Straight Piece Rate

2. Differential Piece Rate
3. Piece Rate with guaranteed time Rate

Straight Piece Rate
Under straight piece rates the payment to the employee is computed thus: No. of units produced
× Rate per unit. The worker receives a fixed rate for each unit produced which does not depend
on the time taken to produce it. Earnings therefore depend on the volume of the worker’s output.
Advantages
1. Effort is rewarded and in consequence, the employee is given the incentive to produce
more
2. Because employees are self-motivated, less supervision is required.
3. The employer benefits from a reduction in the overhead cost per unit of production.
Disadvantages
1. There is a danger that quality will be sacrificed and in order to avoid such a situation the
employer would spend more on inspection and quality control
2. Piece workers, after earning certain remuneration during a week, might be satisfied and
slacken their pace, arrive late or absent themselves. Plant is therefore left idle and
capacity is under-utilised.
3. A considerable degree of time is involved in setting standard times and as these are
subject to the agreement of trade union representatives, further time is often spent in
detail negotiation before piece rates are established.
4. If an error is made and piece rates are set too high, it is difficult subsequently to reduce
them. This could prove to be extremely costly.
Piece Rate with Guaranteed Day Rate
It is a system adopted to compensate employees on account of low production, leading to

earnings under piece rate being below the normal day rate remuneration. If an employee’s
earnings according to the piece work are less than the normal Day Rate, he is paid the day rate
instead of the Piece Rate.

Differential Piece Rate
Under this scheme the piece work rate changes at different levels of efficiency or production.
The object of this is to provide a strong incentive to reach the maximum rate of production.
Premium Bonus Schemes
Bonus schemes are intended to reward employees for their efficiency in saving cost for the
organisation through the saving of time. These are therefore schemes for sharing extra profits
with employees. Conceptually, bonus can only be awarded where there has been cost savings or
improved performance that leads the organisation to exceed its profit target. To be able to
compute bonuses, we must first appreciate the following concepts:
Time allowed: This refers to the expected time to be spent in doing some piece of work e.g. if
time set for one unit is 5 hours, then 100 units shall be 500 hours.
Time allowed may therefore not be the same as the hours worked.
Time taken: This the number of hours actually used in performing a piece of work.
Time saved: It is the difference between time allowed and hours worked, when time allowed is
greater than hours worked.
Premium bonus: This is paid when time has been saved; the magnitude of the bonus therefore
depends upon the time saved.
Types of Premium Bonus Schemes

These include the following:
(i) Halsey Bonus Scheme
(ii) Halsey Weir Bonus Scheme
(iii) Rowan Bonus Scheme
Halsey Scheme
According to this scheme, the time saved should be apportioned equally between the employer
and the employee.

Bonus = ½ × Time Saved × Day Rate
Note: Time allowed – Time Taken = Time Saved
Halsey Weir Scheme
Under this scheme the proportion is 2:1in favour of the employer. Thus the employee gets only a
third of time saved at the rate per hour.
Bonus = ⅓ × Time Saved × Day rate
Rowan Scheme
Under this system, the bonus award to the employee is the proportion between time taken and
Time allowed of the
It therefore follows that if the employee saves more time, he gets a greater bonus. Many business
organisations determine their bonuses through negotiation with employee groups. The factors
that influence the size of the bonus include the following:
Time saved by employees

Cost saved by employees
Improved productivity
The amount of super profits made by the business organisation
The achievements of other budgetary targets etc.
Over Time Remuneration Schemes
Over time is the time spent beyond the normal working hours or days. Overtime wage rates are
expressed as time plus a fraction or in multiples of time, e.g.
a. Time and one half
b. Time and one third
c. Double time

d. Time and one fifth etc.
Meaning of Time
Time refers to the basic rate e.g. if the normal rate of pay is MVR 500 an hour, then the time is
MVR 500. Meaning of Additional Rate – The additional rate is called the overtime premium and
whatever it is the amount involved is arrived at by multiplying the description by the basic rate
e.g. The overtime rate is time and one half, the basic rate is MVR 500. The premium shall be
MVR 250 = ½ × MVR 500.
Overtime Premium
It is the portion of the overtime pay over and above the basic rate of pay. Basically, overtime
premium is treated as indirect wages. The only time it is treated as direct wages is when the
overtime is worked according to the customer’s request to complete his order within a specified
period.
Group incentive schemes

These are bonuses awarded to a team of employees rather than individual employees. The
incentives are enjoyed by every member of the team based on an agreed formula of sharing.
Advantages of Group Incentive Schemes
 It enhances team spirit among employees and organizational cohesiveness
 Quality of output is not unduly compromised
 Compared to individual incentive schemes, it is relatively easy and less expensive to
administer
 It avoids unhealthy competitive rivalry among employees
Disadvantages of Group Incentive Schemes
 Lazy team members are rewarded the as hard working group members.
 This does not provide motivation for individual hard work.
Individual incentive Scheme

These are bonus schemes that reward individual employees for their efficiencies.
Advantages of Individual Incentive Schemes
 Individual employees are motivated to be more and more efficient and productive

 It may generate competitive spirit among employees
 Employee morale is raised since individual effort is rewarded
 Ultimately, both the employee and the business organisation obtain enhanced benefits.
Disadvantages of Individual incentive schemes
o Employees may compromise on quality in an effort to increase their bonus earnings
o Excessive competition can bring about unhealthy rivalry
o The determination of standard performance levels for the purpose of determining
efficiency levels can conflict in the organisation
o It is relatively more difficult and expensive to operate an individual incentive scheme
compared to a group incentive schemes.
Direct and indirect cost of labour

As already discussed, labour cost is either direct or indirect. The direct labour cost is the labour
cost incurred on employees who are engaged in directly transforming the raw materials into
finished goods. It must be noted that, is only the basic wages paid to direct workers that
constitute direct labour cost. Policy related cost incurred on direct workers is not direct labour
but rather indirect labour. Examples of these policy related costs include:
workmen compensation premium paid to insurance companies
employer‟s social security fund contribution
bonuses paid to employees
overtime premium paid to employees where the overtime is worked regularly as company
policy etc.
Wages cost incurred on indirect workers is indirect wages.
Labour Cost Minimization Techniques

Involved in minimizing labour cost. Some of the techniques include the following:
Effective labour monitoring and control
Reduce labour turnover
Eliminate or reduce labour related fraud

Labour Turnover
This is a term which signifies the extent to which employees leave an organisation. It can be
measured by using the following formulae: Number of employees leaving
To obtain the maximum benefit from the Calculation, the rate of labour turnover should be
compared with rate for previous periods and if available, the rate for other businesses in the area
and in the industry as a whole. If the number of leavers is high relative to the total number of
employees, a high ratio will emerge. An increase in the number of employees leaving or a
reduction in the total workforce will cause an increase in the rate compared with previous
periods. The effect of a high rate is reflected in loss of output, lowering of morale and higher
cost. Loss of output occurs because of:
(a) The gap between the person leaving and his replacement;
(b) The length of time taken to train a new employee to the level of efficiency of the previous
employee;
(c) The reduced effort given by an employee during the days or weeks immediately prior to
the date of departure.

Cost of Labour Turn Over
In addition to the increase in the cost per unit from reduced production and low morale, the
following costs are likely to be higher when the rate of labour turnover is on the increase:
(i) Advertising for personnel and interviewing expenses

(ii) Re-imbursement of removal and settling in expenses removal of furniture to new
house and subsistence allowance between date of commencement and date of
moving.
(iii) Training, including the new employee’s wages during the training period, the wages
and salaries of instructors, materials used in the training process.
(iv) Scrap and defective work during initial stages
(v) Machine break-down
(vi) Pension scheme administration etc.
Causes of Labour Turnover

Although Labour turnover cannot be eliminated completely, the problem can be tackled by an
understanding of the events and circumstances by which it is caused. Why do people leave? The
following are some of the possible reasons:
(i) Dissatisfaction with the job, wages, hours of work or working conditions;
(ii) Discontent due to the relationship with the employee’s Supervisors and or
Colleagues;
(iii) Lack of promotion opportunities;
(iv) Personal matters e.g. ill health, marriage, pregnancy, moving to a new area.
(v) Sometimes employees are discharged due to redundancy, incompetence, lateness, and
absenteeism and for disciplinary reasons.
Reduction in the Labour Turnover Rate

In order to reduce the rate of labour turnover, the following should be considered:
(i) Regular Statistics should be provided analyzing labour turnover by cause and
indicating whether the cause was avoidable or unavoidable and whether the person
left voluntarily or was dismissed; we should however note that there are some

dangers in such an analysis because employees who leave do not always give the true
reasons for leaving.
(ii) Seek ways in which the selection of applicants can be improved in order to prevent
situations arising where employees are discontented or unsuitable.
(iii) Ensure that the labour requirements are properly planned in order to avoid
redundancy
(iv) Consider the introduction of high wages plan or some other form of incentives.
(v) See that the working environment is congenial.
(vi) Consider whether the transfer of a dissatisfied employee to another department will
remove the cause of the dissatisfaction.
(vii) Hold annual medical check-ups in order to prevent ill-health at a later date.
(viii) Consider whether the fringe benefits are competitive, e.g. pension scheme, subsidized
meals, sports and social facilities.
(ix) Develop better human relationship between management and workers
As it is important for an organisation to keep its skilled and experienced employees, a target
labour turnover rate could be set with the personnel manager being responsible if the rate is
higher than target.
Internal Check and Payroll Fraud
There is ample scope for perpetration of fraud at some stage during the paration and payment of
wages. For this reason, it is essential that some form of controls exist to prevent fraud or to detect
it in its early stages. The dangers to be avoided are:
The payment of wages to employees who do not exist,
The payment to an employee of an amount which is more than he is entitled to receive.
Precautions to reduce payroll fraud
1. Segregating the work so that the payroll procedures are not the responsibility of only one
or two persons e.g. the clerk who prepared the wage sheet should not also make-up or
distribute the wage packets.
2. Adopting adequate authorization procedures:
Piece work tickets should be signed by an inspector and the employee’s foreman;
only overtime properly authorized should be paid;

changes in wage rates and salaries should only be processed if the personnel manager
completes and signs the appropriate forms.
3. Proper Supervision: The distribution of the pay envelopes must be supervised by a senior
official and preferably by one who can identify the recipient.
4. Instituting suitable procedures, e.g. a procedure should be laid down for dealing with
unclaimed wages.
5. Creating a Programme for internal checks. As part of the Programme, the personnel
officer might periodically check the payroll to ensure that payments are not being made
to fictitious employees. If the organisation is sufficiently large, the internal audit
department could be very much involved in the creating and working of the internal
check Programme.
Types of payrolls for labour

The payroll is the process of determining the net wage earnings of each employee in the
organisation. The payroll could either be computerized or could be done manually. With the
manual payroll, the earnings of each employee are computed by human effort without the use of
the computer. The computerized payroll uses computer software and inputs the basic variables
for each employee such as:
hours worked
overtime hours
units produced
wage rate per unit or hour
statutory deductions
voluntary deductions etc
Labour Payroll preparation
In preparing the payroll, the following procedure is followed:
Determine the basic wages of each employee. This done by multiplying the hours worked
or units produced by the agreed wage rate
Add all other allowances to the basic wages to obtain the gross wages
Calculate the various deductions to be made. These are of two types: statutory and
voluntary deductions. The statutory deductions are required to be deducted by law and so

the amount of deduction is determined by the law. These deductions include the
following:
o Social Security contributions
o Employee Personal Income Tax (P.A.Y.E.)
o National Health Insurance etc
Examples of voluntary deductions include:

Trade Union contributions
Provident fund contribution
Employee welfare contribution etc.
When the total deductions are taken from the gross wages, then we obtain the wages of each
employee.
The Differences between Labour cost accounting and Payroll accounting

Labour cost accounting relates to the determination of the cost of labour chargeable to various
jobs, customers, clients and overhead accounts. Under labour cost accounting, the objective is to
ascertain the labour cost that can be charged to products and services. In this regard the
following are considered as labour cost:
Wages and salaries of employees
Insurance for workmen compensation
Employee bonuses
Employee share schemes etc.
Payroll accounting relates to the process of computing the amount of earnings of employees as
well as the various payments made for and on the behalf of employees. Examples of payment on
behalf of employees include the following:
 Employer’s Social Security Contribution for employee
 Employee Social Security Contributions
 Personal Income Tax of employees
 Welfare deductions for employees etc.

Under payroll accounting, labour cost such as workmen compensation, employee insurance etc.
are not considered. It is only amounts payable to or on behalf of employees that are considered.

Practice Questions
Question 1
Hours worked = 50hours
Rate per Hour = MVR 2000
Calculate Gross wage?
Question 2
No. of units produced = 1,000 units
Rate per Unit = MVR 16,000
Calculate Gross wage?
Question 3
Question 4

Question 5
Question 6

Question 7

Question 8

Question 9

Question 10
Question 11
Question 12

Question 13
Question 14
Question 15
Question 16

Question 17
Rush & Fluster Co budgets to make 25,000 standard units of output (in four hours each) during a
budget period of 100,000 hours.
Actual output during the period was 27,000 units which took 120,000 hours to make.
Required
Calculate the efficiency, capacity and production volume ratios.
Question 18
Penny Pincher is paid 50c for each towel she weaves, but she is guaranteed a minimum wage of
$60 for a 40 hour week. In a series of four weeks, she makes 100, 120, 140 and 160 towels.
Required
Calculate her pay each week, and the conversion cost per towel if production OH is added at the
rate of $2.50 per direct labour hour.

Question 19
The following data relate to work at a certain factory.
Normal working day 8 hours

Basic rate of pay per hour $6
Standard time allowed to produce 1 unit 2 minutes
Premium bonus 75% of time saved at basic rate
What will be the labour cost in a day when 340 units are made?
Question 20
Jaffa Co employs two types of labour: skilled workers, considered to be direct workers, and
semi-skilled workers considered to be indirect workers. Skilled workers are paid $10 per hour
and semi-skilled $5 per hour.
The skilled workers have worked 20 hours overtime this week, 12 hours on specific orders and 8
hours on general overtime. Overtime is paid at a rate of time and a quarter.
The semi-skilled workers have worked 30 hours overtime, 20 hours for a specific order at a
customer’s request and the rest for general purposes. Overtime again is paid at time and a
quarter.
What would be the total overtime pay considered to be a direct cost for this week?
Question 21
The following data relate to work in the finishing department of certain factory.
Normal working day 8 hours

Basic rate of pay per hour $6
Standard time allowed to produce 1 unit 5 minutes
Premium bonus payable at the basic rate 60% of time saved
On a particular day one employee finishes 190 units. Calculate his gross pay for the day.

Question 22
Employee A is a carpenter and normally works 36 hours per week. The standard rate of pay is
$3.70 per hour. A premium of 50% of basic hourly rate is paid for all overtime hours worked.
During the last week of October, Employee A worked 42 hours. The overtime hours worked
were for the following reasons:
Machine breakdown 4 hours

To complete a special job at the request of a customer 2 hours
How much of Employee A’s earning for the last week of October would have been treated as
direct wages?
Question 23
A company has 35 direct production employees at the beginning of last year and 25 direct
production employees at the end of the year. During the year, a total of 15 direct production
employees had left the company to work for local competitors.
Calculate the labour turnover rate for the last year.
Question 24

Question 25

Question 26

Question 27

Question 28

Question 29

Question 30
Question 31

Question 32
Question 33

Question 34
Question 35

Question 36

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Chapter 3: Labor Costing 2016

Cost & Management Accounting

1 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Labour as a factor of production.

Labour recruitment process cost

2 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

 Training needs analysis

3 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Labour Behaviour and Control

4 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

This is a system of increasing or maximizing the productivity of an operating unit by

5 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Time Rate Methods of Remuneration

Advantages of Time rate methods of remuneration are:

1. Straight Piece Rate

6 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Piece Rate with Guaranteed Day Rate

It is a system adopted to compensate employees on account of low production, leading to

7 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Premium Bonus Schemes

Types of Premium Bonus Schemes

8 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Note: Time allowed – Time Taken = Time Saved

Halsey Weir Scheme

Bonus = ⅓ × Time Saved × Day rate

Time saved by employees

9 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Group incentive schemes

Individual incentive Scheme

10 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Direct and indirect cost of labour

Labour Cost Minimization Techniques

11 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

12 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

(i) Advertising for personnel and interviewing expenses

Causes of Labour Turnover

Reduction in the Labour Turnover Rate

13 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

14 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Types of payrolls for labour

15 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Examples of voluntary deductions include:

The Differences between Labour cost accounting and Payroll accounting

16 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

17 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

Hours worked = 50hours

Rate per Hour = MVR 2000

Calculate Gross wage?

No. of units produced = 1,000 units

Rate per Unit = MVR 16,000

Calculate Gross wage?

18 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

19 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

20 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

21 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

22 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

23 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)

24 Ibrahim Sameer Bachelors of Business – Finance (CMA – Cyryx College)