From the following data, prepare a statement showing the cost per day of eight hours of engaging
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From the following data, prepare a statement showing the cost per day of eight hours of engaging a particular type of labour:
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(a) Monthly basic salary plus DA = Rs. 400 (b) Leave salary = 5% of (a) (c) Employer's contribution to PF = 8% of (a) and (b) 1 (d) Employer's contribution to ESIC: 2-% of (a) and (b) 2 (e) Pro-rate expenditure on amenities to labour = Rs. 35 per head per month (f) No. of working hours in a month = 200.
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