A workers (i) Basic wage rate = Rs. 300 pm. (ii) DA = 80% on basic wages.

Question:

A worker’s

(i) Basic wage rate = Rs. 300 pm.

(ii) DA = 80% on basic wages.

(iii) HRA = 20% on (i) and (ii).

(iv) Overtime wages = Rs. 170.

(v) Deduction towards PF = 6% on (i), (ii) and (iii).

(vi) ESI premium deduction = 1.5% on (i), (ii) and (iii).

(vii) The employer is also contributing to PF but is contributing only 2% towards ESIC.

(viii) Cost of labour amenities is Rs. 35 per worker per month.

Find out the (i) wages payable to worker and (ii) labour cost per month.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

Question Posted: