Model: Worker’s earnings – Labour cost and its allocation to jobs
Calculate the earnings of worker P and Q for a month and allocate the earnings of each to job X, Y and Z.
|
P |
Q |
|
|
(i) Basic wages |
Rs. 400 |
600 |
|
(ii) DA |
50% |
50% |
|
(iii) PF (on basic wages) |
10% |
10% |
|
(iv) ESI (on basic wages) |
2% |
2% |
|
(v) Overtime |
10 hrs |
– |
|
(vi) Idle time and leave |
– |
16 hrs |
The normal working hours for the month are 200 hrs. Overtime is paid at double the normal rate of wages plus DA. Employer’s contribution to ESIC and PF are at equal rate with an employee’s contribution.
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