COST ACCOUNTING
This query is : Resolved
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?
2.LABOUR PRODUCE 7758 ARTICLES. BONUS IS Rs. 0.25/- FOR EVERY 100 ARTICLES PRODUCED OVER 7000. COMPUTE BONUS?
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
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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