Fixed vs Variable Wage Expense

Hello all, Our company is operating in aircraft maintenance, repair and overhaul (MRO) sector. Wages are paid to the direct&indirect blue collar employees on monthly basis, regardless of how much man/hour spent. But overtime is paid for the excess time charged. Regarding the classification of wages paid to the blue collar as fixed and variable, what do you [...]

By |August 28th, 2008|IAS 2|0 Comments

Fixed vs Variable Wage Expense

Dear Ali, It is very nice for me to see your name in our group since I have remember our past in Arthur Andersen.   Referring to your question, I think the fixed part should be evaluated as fixed and the overtime part as variable.   Kind regards,   Alper Hello All ... This is [...]

By |August 28th, 2008|IFRS|0 Comments