From the following particulars you are required to prepare a statement of labour cost showing the cost per day. 1) Monthly salary Rs. 225, 2) Leave salary 5% of salary, 3) Employees contribution to provident fund 8 1/3% of first & second (point), 4) Employees contribution to state Insurance (E.S.I) 3% of first point & second, 5) prorata expenditure on amenities to labour Rs. 28 pr month per head, and 6) No. of working hours in a month 200 hours (assume 8 hours ner day)
From the following particulars you are required to prepare a statement of labour cost showing the cost per day. 1) Monthly salary Rs. 225, 2) Leave salary 5% of salary, 3) Employees contribution to provident fund 8 1/3% of first & second (point), 4) Employees contribution to state Insurance (E.S.I) 3% of first point & second, 5) prorata expenditure on amenities to labour Rs. 28 pr month per head, and 6) No. of working hours in a month 200 hours (assume 8 hours ner day)
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 4CE
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![40 From the following particulars you are required to prepare a statement of
labour cost showing the cost per day.
1) Monthly salary Rs. 225, 2) Leave salary 5% of salary, 3) Employees
contribution to provident fund 8 1/3% of first & second (point), 4) Employees
contribution to state Insurance (E.S.I) 3% of first point & second, 5) prorata
expenditure on amenities to labour Rs. 28 pr month per head, and 6) No. of
working hours in a month 200 hours (assume 8 hours per day).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedad6f19-f20b-4f6a-84bb-559256dec15a%2F861c12bc-4f87-4091-8132-cc48d8a4644e%2Fpcx23b5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:40 From the following particulars you are required to prepare a statement of
labour cost showing the cost per day.
1) Monthly salary Rs. 225, 2) Leave salary 5% of salary, 3) Employees
contribution to provident fund 8 1/3% of first & second (point), 4) Employees
contribution to state Insurance (E.S.I) 3% of first point & second, 5) prorata
expenditure on amenities to labour Rs. 28 pr month per head, and 6) No. of
working hours in a month 200 hours (assume 8 hours per day).
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