Find out the labour cost per hour to a worker who is paid $ 200 per...

 

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Find out the labour cost per hour to a worker who is paid $ 200 per month in addition to dearness allowance of $ 50 month. He is entitled to bonus at the rate of 10% on wages. Employer's contribution is 8 1/3% of wages towards contributory Provident Fund and 1% towards ESI Scheme. The employee's contribution towards ESI Scheme is %%. The worker is entitled to leave with full pay for 1/20 of days worked. The employer maintains a canteen where subsidised tea and lunch are provided to workers and a monthly subsidy of $ 1,000 is provided to the canteen. The total number of employees who take advantage of this canteen is 200. Normal idle time amounts to 20%. The average working days in a month are 25 of 8 hours each. Find out the labour cost per hour to a worker who is paid $ 200 per month in addition to dearness allowance of $ 50 month. He is entitled to bonus at the rate of 10% on wages. Employer's contribution is 8 1/3% of wages towards contributory Provident Fund and 1% towards ESI Scheme. The employee's contribution towards ESI Scheme is %%. The worker is entitled to leave with full pay for 1/20 of days worked. The employer maintains a canteen where subsidised tea and lunch are provided to workers and a monthly subsidy of $ 1,000 is provided to the canteen. The total number of employees who take advantage of this canteen is 200. Normal idle time amounts to 20%. The average working days in a month are 25 of 8 hours each.

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Labour Cost per worker per month Pay 200 DA 50 Wages 250 Bonus at 10 of wages 25 3D Employ... View the full answer