From the following particulars, prepare a statement of labour cost showing the cost per day (8 hours
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(a) |
Monthly salary: Rs 900 |
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(b) |
Leave salary: 5% of (a) |
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(c) |
Employer’s contribution to PF: 8 ½% of (a) and (b) |
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(d) |
Employer’s contribution to ESI: 3% of (a) and (b) |
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(e) |
Pro rata expenditure on amenities to labour: Rs 112 per head per month |
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(f) |
Number of working hours in a month of 25 days: 8 hours per day |