Problem:
1. Following are the particulars for March 2000 relating to four employees working in department A of a factory exclusively for job number 130:
|
Name
|
Designation
|
Wages(Rs)
|
Per
|
|
A
|
Foreman
|
800
|
Month
|
|
B
|
Mechanic
|
15
|
Day
|
|
C
|
Machine Operator
|
12
|
Day
|
|
D
|
Worker
|
10
|
Day
|
The normal working hours per week of 6 days are 48, or 8 hours per day. All Sundays are paid holidays. (There are no other holidays during the month.)
PF contribution was 8% of monthly wages by employees.
PF contribution was 8% of monthly wages by the employer.
ESI contribution was 3% of monthly wages by employee and 5% of monthly wages by the employer.
From the foregoing data, calculate the following:
1. Net monthly wages payable by the employer.
2. The total amount of PF contribution to be deposited by the employer.
3. ESI contribution to be deposited by the employer.
4. Total labour cost to the employer for the month of April, chargeable to the job
5. Total cost of the job including the cost of materials valued at Rs 6,000 overheads at 50% of prime cost.