From the following particulars ascertain the labour cost per day of 8 hours:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q.2 From the following particulars ascertain the labour cost per day of
8 hours:
1.Basic pay $200..p.m....
2. Leave pay 5%.
3.Employers contribution to PF 8% of first and second
4.Employer's contribution to ESI 2 1/2% of first and second:
5. Pro-rata amenities 17.95 per head p.m.
6. Working hours in a month 200 hours.
Solution
Transcribed Image Text:Q.2 From the following particulars ascertain the labour cost per day of 8 hours: 1.Basic pay $200..p.m.... 2. Leave pay 5%. 3.Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second: 5. Pro-rata amenities 17.95 per head p.m. 6. Working hours in a month 200 hours. Solution
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