XYZ Ltd. has introduced a Scanlon plan of incentive bonus for its employees from the year 2006 -07.The relevant information for three previous years is as follows.
|
Year |
Sales Revenue Rs. |
Total Salaries and Wages Rs |
|
2003-04 |
2,40,000 |
72,000 |
|
2004-05 |
2,50,000 |
70,000 |
|
2005-06 |
2,70,000 |
86,400 |
For the year 2006-07, the sales revenue has been Rs.3, 25, 000 and the total salaries and wages paid Rs.90, 000. What is the amount due to employees under Scanlon Plan? If 50% is set-aside in the bonus equalization reserve fund, how much money is to be paid out for 2006-07 as Scanlon Bonus?