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xyz ltd has introduced a scanlon plan of incentive bonus for its employees from the 625785

XYZ Ltd. has introduced a Scanlon plan of incentive bonus for its employees from the year 2006 -07.The relevant information for three previous years is as follows.

Year

Sales Revenue Rs.

Total Salaries and Wages Rs

2003-04

2,40,000

72,000

2004-05

2,50,000

70,000

2005-06

2,70,000

86,400

For the year 2006-07, the sales revenue has been Rs.3, 25, 000 and the total salaries and wages paid Rs.90, 000. What is the amount due to employees under Scanlon Plan? If 50% is set-aside in the bonus equalization reserve fund, how much money is to be paid out for 2006-07 as Scanlon Bonus?

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