Labour Costing | Halsey, Halsey-weir & Rowan Bonus Schemes

#hstutorial Labour Costing. There are different methods been used to calculate labor cost but in this video, I focused on three methods which fall under the PRODUCTIVITY SCHEME. They are; Halsey Bonus Scheme, Halsey Weir Bonus Scheme and Rowan Bonus Scheme.
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[@rushanagriffith3972]

So happy I get to finally understand this. Those other Indian accents in other videos are hard to understand. Thank you for this

[@hstutorial]

Rushana Griffith...you're welcome dear, please subscribe, share our videos and tell your friends about this channel. We have lots of videos to upload. Thanks

[@rebeccamosoeunyane7742]

Indians what they are doing, you're not alone, anyways thanks all

[@emmanueleziuzor637]

Good day sir I do appreciate your insights on this topic it really helped me a long way

[@gideonatichogbe7893]

Sir please I am Gideon from Ghana. Your videos are excellent. I am doing ACCA now. I would like for you to cover the three methods of calculating the labour turnover ratio.

[@tatendachaterera4556]

thank you Chief

[@ticiarichmond5896]

Thank you for this simple explanation

[@hstutorial]

you're welcome

[@ticiarichmond5896]

@@hstutorial Is it ok if I ask a question? I currently have a problem that I'm working on and it's baffling me a bit because it has hours and minutes so conversion is involved.

[@hstutorial]

Kindly send your questions to [e-mail]

[@odongmoris9931]

I REALLY ENJOY YOUR LECTURE

[@hstutorial]

Thank you!

[@popoolalateefat1302]

In a case where we are not given basic piece rate, please what do we do??

[@zeynaadams722]

Thank you sir

[@emmanuelochidoma5653]

Nice work HS. you are the best. How about a question like this. Basic rate =2.00 Agreed rate of production per hour =50units Time taken=6hours Unit of production=375units. Notice that basic rate and time taken was given. How do we derive time allowed from that sir. I'm confused.

[@akpovwovwotega2632]

The time allowed is the unit produced divided by the agreed rate of production per hour i.e 375/50

[@emmanuelochidoma5653]

@@akpovwovwotega2632 Thanks alot fellow.

[@lynademuta2443]

Useful thanks bravo

[@queenofhearts6895]

so.. what if the time taken is more than the time allowed? there will be no time saved right, how do i do it then🤔

[@olivertravisebi2321]

Hello HS, I think the formula for Rowan was mixed up, i think it should have been Time Saved/ Time allowed X Time Taken X Time Rate

[@queenofhearts6895]

that is ok too. they both give the same answer

[@gideonatichogbe7893]

No please.

[@idrissuleiman9820]

It's WOW appreciate

[@samreenmk9846]

👏👏👏