@44

12 A worker is paid $10,000 per month and a dearness allowance of $2,000 p.m. Worker Contribution to provident fund is @ 10% and employer also contributes the same Amount as the employee. The Employees State Insurance Corporation premium is 6.5% Of wages of which 1.75% is paid by the employees. It is the firm's practice to pay 2 Months' wages as bonus each year. The number of working days in a year is 300 of 8 hours each. Out of these the worker is Entitled to 15 days leave on full pay. CALCULATE the wage rate per hour for costing Purposes