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  • Costing and Pricing 03 PT 1

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    Joseph Belen
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    The document outlines the monthly costs associated with employing an individual with a monthly salary of $30,000. It calculates the employer's contribution to government at 7.2% of salary, leave benefit as 1 day of salary per month, and healthcare costs at $1,000 per month. The total monthly cost per employee is $35,260. For a company with 30 employees, the total monthly labor cost is $1,057,800. This labor cost represents 81.37% of the company's total monthly revenue of $1,300,000.

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    costing and pricing 03 PT 1

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    The document outlines the monthly costs associated with employing an individual with a monthly salary of $30,000. It calculates the employer's contribution to government at 7.2% of salary, leave benefit as 1 day of salary per month, and healthcare costs at $1,000 per month. The total monthly cost per employee is $35,260. For a company with 30 employees, the total monthly labor cost is $1,057,800. This labor cost represents 81.37% of the company's total monthly revenue of $1,300,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    29 views2 pages

    Costing and Pricing 03 PT 1

    Uploaded by

    Joseph Belen
    The document outlines the monthly costs associated with employing an individual with a monthly salary of $30,000. It calculates the employer's contribution to government at 7.2% of salary, leave benefit as 1 day of salary per month, and healthcare costs at $1,000 per month. The total monthly cost per employee is $35,260. For a company with 30 employees, the total monthly labor cost is $1,057,800. This labor cost represents 81.37% of the company's total monthly revenue of $1,300,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    Joseph Ryan Belen BSBA 302

    A. Given Cost Monthly Cost Equivalent

    Monthly Salary 30,000 30,000

    (Fixed)

    Employer’s contribution to government

    (Monthly Salary × Contribution Percentage) 7.2% 2,160

    Leave benefit

    (Monthly Salary/No. of working days) 1 of 25 days 1,200

    Healthcare cost per head in a month

    (Fixed)

    Monthly Pension

    (Monthly Salary × Pension Plan Percentage 3% 900

    Total 35,260

    B. Given Cost Monthly Cost Equivalent

    Monthly benefit

    Monthly Salary 30,000 85.08%

    Employer’s Contribution to Government 2,160 6.13%

    32,160 91.21%

    Non - Monetary Benefit

    Leave benefit 1,200 3.4%

    Healthcare Cost per head in a month 1,000 2.84%

    2,200 6.24%
    Deferred Monetary Benefit

    Monthly pension plan allocation 900 2.55%

    900 2.55%

    Total 35,260 100%

    C.

    Total Employees 30

    Cost per employee in a month 35,260

    Total Labor cost per month 1,057,800

    (Total employee’s x Cost per employee in a month)

    Total Monthly Revenue 1,300,000

    Labor cost percentage to sales 81.37%

    (Total Labor cost per month/ Total Monthly Revenue)

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