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SolutionTest 1

The document contains various calculations related to employee earnings, costs, and labor turnover. It includes bonus calculations for different workers, annual employee costs, and the impact of labor turnover on the workforce. Additionally, it discusses methods for handling idle time and employee replacements.

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arunbansal230580
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4 views3 pages

SolutionTest 1

The document contains various calculations related to employee earnings, costs, and labor turnover. It includes bonus calculations for different workers, annual employee costs, and the impact of labor turnover on the workforce. Additionally, it discusses methods for handling idle time and employee replacements.

Uploaded by

arunbansal230580
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Answer 1

Std. time allotted = 40 hrs

Time taken = 30 hrs

Bonus calculation

I. Halsey = 10* 75* 50% = 375 Rs


10∗30∗75
II. Rawan = 40
= 562.5

Total earnings

Basic (75*30) Rawan = 2250 Rs Halsey = 2250 Rs

+ Bonus 562.5 Rs 375 Rs

Total 2812.5 Rs 2625 Rs

Answer 2

(i) Calculation of annual employee cost

Salary (30k*12) 360000

Bonus (15%) 54000

PF (20%) 72000
661500
Welfare( 175
) 3780

Total 489780

(ii) Calculation of employee cost / Hr


Normal working hours (310*8) 2480
(-) Leave Hrs (30*8) (240)
(-) Normal time (50)

Net 2190 hrs

489780
Per Hour Cost 2190

=223.65 Rs

(iii) Loss = 50*223.65


=11,182 Rs (approx)
Answer 3 (i) Calculation of earnings of workers

Std. time required =12087 hrs


(6120*1975)
(-) Time taken =9600hrs
(50*24*8)
Time saved 2487 hrs.

Bonus Calculation

(i)Hasley = 2487*50*50%
= 62175 Rs

2487 ∗9600∗50
(ii) Rawan = 12087
= 98764 Rs

Total earnings
Hasley Rawan

Basic(9600*50) 480000Rs 480000Rs

(+) Bonus 62175 Rs 98674 Rs

Total 542175 Rs 578674 Rs

Increase from Rs 480000 12.95% 20.55%

(ii) Calculation of savings percent Hasley Rawan

Total wages 542175 Rs 578674 Rs

No. of units 6120 6120

Per unit 88.59 94.55

(-) Existing cost (1.975 *50) 98.75 98.75

Savings 10.16 Rs 4.2 Rs

(iii) Since Rawan fulfill assurance of 20% increase in income company should follow rules

Answer 4 Treatment shall be


(i) Normal idle firm- Inflate wage rate
(ii) Abnormal – Costing P\L
(iii) Charge to customer
(iv) Charged to the concerned departments
(v) Part of wages
Answer-5

Workers replaced =40

𝑊𝑜𝑟𝑘𝑒𝑟 𝑟𝑒𝑝𝑙𝑎𝑐𝑒𝑑
Labour turnover by replacement= 𝐴𝑣𝑔 .𝑛𝑜 .𝑜𝑓 𝑤𝑜𝑟𝑘𝑒𝑟

40
6% =
𝑎𝑣𝑒𝑟𝑎𝑔𝑒

Average = 667

𝑁𝑜 .𝑜𝑓 𝑠𝑒𝑝𝑎𝑟𝑎𝑡𝑖𝑜𝑛
Separated =
𝑎𝑣𝑔 .

𝑁𝑜.𝑜𝑓 𝑠𝑒𝑝𝑎𝑟𝑎𝑡𝑖𝑜𝑛
4% = 667

Employee separated =27 approx

𝑆𝑒𝑝𝑎𝑟𝑎𝑡𝑒𝑑 +𝑅𝑒𝑝𝑙𝑎𝑐𝑒𝑑 +𝑁𝑒𝑤


By Flux method =
𝐴𝑣𝑔 .

40+27+𝑁𝑒𝑤
12% =
667

New joining = 13

1. Recruited & Joined = 40+13 = 53

2. Left & Discharged = 27

3. Equivalent Rate

Replacement 6*4 =24%


Separation = 4*4 =16%
Flux Method = 12*4 =48%

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