COST ACCOUNTING

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ANKUR LAKRA (Querist)
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25 November 2008 1.PROVIDENT FUND CONTRIBUTION IS 8% OF BASIC WAGE.EMPLOYER CONTRIBUTE AT A SAME RATE WHICH EMPLOYEE CONTRIBUTE.WHAT WOULD BE THE RATE OF CONTRIBUTION FOR EMPLOYEE AND EMPLOYER INDIVIDUALLY?
2.LABOUR PRODUCE 7758 ARTICLES. BONUS IS Rs. 0.25/- FOR EVERY 100 ARTICLES PRODUCED OVER 7000. COMPUTE BONUS?

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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29 November 2008 There are do details about basic wage rates.

Bonus is over the extra unit produced. so calculation of extra unit eligible for the bonus.
7000-7758=758

Bonus=758/100*.25/=1.89 say 1.90

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