PROBLEM 2. Calculate the earnings of A and B from the following particulars for a month and állocate the labour cost to each job X, Y and Z: A B Basic Wages $ 100 $ 160 D.A. 50% 50% 8% Contribution to P.F. (on basic wages) Contribution to E.S.I. (on basic wages) Overtime (for completion of job Y) The normal working hours for the month are 200. Overtime is paid at double the total of normal wages and D.A. Employer and employees have equal contribution to P.F. and E.S.I. The two workers were employed on jobs X, Y and Z in the following proportions : 8% 2% 2% 10 hrs. Jobs Y 40% 30% 30% Worker A 50% 20% 30% Worker B

PROBLEM 2. Calculate the earnings of A and B from the following particulars for a month and állocate the labour cost to each job X, Y and Z: A B Basic Wages $ 100 $ 160 D.A. 50% 50% 8% Contribution to P.F. (on basic wages) Contribution to E.S.I. (on basic wages) Overtime (for completion of job Y) The normal working hours for the month are 200. Overtime is paid at double the total of normal wages and D.A. Employer and employees have equal contribution to P.F. and E.S.I. The two workers were employed on jobs X, Y and Z in the following proportions : 8% 2% 2% 10 hrs. Jobs Y 40% 30% 30% Worker A 50% 20% 30% Worker B

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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