20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

Labor cost

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 25, 2021 at 8:30 pm #632934
Isabella1
Participant
- Topics: 44
- Replies: 23
In Labor turnover ratio = Replacement/(Opening labor+ Closing Labor).
The closing labor includes labor after replacements?
August 26, 2021 at 6:15 am #632959
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10533
Yes because closing numbers reflect both leavers and joiners….and I the bottom line in your question should be the average of opening and closing labour.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.