Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Labour cost
- This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by
John Moffat.
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- July 1, 2025 at 9:29 am #718088
The following data relates to the companies where all for a month just ended;
paid to employees $67,000
Employee’s National insurance contributions $21,000
Employer’s national insurance contributions $13,200
Income tax $36,300
Employer’s contribution to employees’ pension fund $15,000
What is the total labor cost for the month?
A.$152500
B.$139300
C.$137500
D.$124300July 2, 2025 at 8:35 am #718133You must surely have an answer to this in the same book in which you found the question, so ask about whatever it is in the workings that you are not clear about and then I will explain.
The answer is A
July 10, 2025 at 9:27 am #718221Thank You very much sir for your help…I got this quiz from skans notes and its answer was not given there and I am also week in payroll topic. so to get my concept clear I asked his question.
Thanks AgainJuly 11, 2025 at 8:24 am #718235You are welcome (but you really would be best using a Revision Kit because they have answers and workings 🙂 )
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