A worker earns $30,000 per month on the average and produces 30 units per day. Accordingly, the employer's monthly contribution for SSS, Medicare, Pag-IBIG and EC premiums are $600, $48, $20 and $150, respectively. Fringe benefits such as meal and uniform subsidiaries amount to $9,850 per annum. Assuming that there are 330 working days in one year, what is the effective labor cost per unit?
A worker earns $30,000 per month on the average and produces 30 units per day. Accordingly, the employer's monthly contribution for SSS, Medicare, Pag-IBIG and EC premiums are $600, $48, $20 and $150, respectively. Fringe benefits such as meal and uniform subsidiaries amount to $9,850 per annum. Assuming that there are 330 working days in one year, what is the effective labor cost per unit?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A worker earns $30,000 per month on the average and produces 30 units per day. Accordingly, the employer's monthly contribution for SSS, Medicare, Pag-IBIG and EC premiums are $600, $48, $20 and $150, respectively.
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