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From the following particulars, you are required to prepare a statement of labour cost showing...

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Accounting

From the following particulars, you are required to prepare a statement of labour cost showing the cost per day:

(i) Monthly salary: Rs 1,350.00

(ii) Leave salary: 5% of salary.

(iii) Employer's contribution to PF: 8.5% of (i) and (ii)

(iv) Employer's contribution to state insurance: 3% of (i) and (ii)

(v) Pro rata expenditure on amenities to labour: Rs 75 per head per month

(vi) Number of working hours in a month: 200 (assuming 8-hour day)

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