Question

What do you mean by overtime? how is overtime wage treated in cost accounting?

Answer 1

time worked in addition to one's normal working hours. is known as over time........it depends on the kind of job u have but and the hours u workd

Answer 2

Overtime premium is the amount that is paid, for the overtime worked, in excess of the normalwage rate. Like idle time,overtime premium is alsotreated as indirect laborcost and included in manufacturing overheadcost. For example, a worker normally works for 48 hours per week @ $8 per hour.