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August 9, 2020 at 12:04 am
Hallo,I have a question on labour turnover ratio. What do we look there…the number itself of employees left the organisation or the number of worker that joined after some had left for avoidable reasons.I am now confused there, may you kindly sir.
John Moffat says
August 9, 2020 at 10:26 am
It is the number who left and were replaced.
Let me give you two examples:
Suppose a company started the year with 10 employees. During the year 3 left. At the end of the year they had 12 employees. That means that they must have employed 5 new people. Of these 5, 3 were leavers who were replaced (the other 2 were new people and are not relevant for the formula).
Another. Suppose they started the year with 10 employees. During the year 3 left. At the end of the year they had 8 employees. That means they employed 1 new person and that 1 person replaced 1 of the leavers.
August 9, 2020 at 11:59 am
alright thanks much,i understand now.
August 9, 2020 at 2:56 pm
You are welcome 🙂
May 2, 2020 at 4:04 pm
In the efficiency ratio – are the expected hours the same as standard & budgeted ?
May 2, 2020 at 7:08 pm
They are the standard hours for the actual production.
May 14, 2020 at 5:45 pm
Thank you John
March 16, 2020 at 5:32 pm
Are the formulaes given during the exam
March 16, 2020 at 7:31 pm
The formulae given the exam are printed at the beginning of our free lecture notes. However these do not include the formulae for labour – these you have to learn.
January 19, 2020 at 9:19 am
where i can get more practice questions?
January 19, 2020 at 2:57 pm
It is essential that you buy a Revision Kit from one of the ACCA approved publishers (BPP and Kaplan). They are full of exam-standard question to practice and practice is vital for passing the exam.
January 10, 2020 at 2:09 pm
which one is the chapter of discounts?
January 10, 2020 at 3:19 pm
Discounts are examined in Paper FA. They are not a specific topic in Paper MA.
December 6, 2019 at 1:31 pm
mr.moffat in which chapter are the bonus schemes explained
December 6, 2019 at 1:54 pm
Chapter 18 (although there is little explain because there is no such thing as a standard bonus scheme – anything in the exam is following the instructions given in the question).
December 6, 2019 at 1:30 pm
sir in timework can u please explain the meaning of paid at time and half .I cannot understand it
December 6, 2019 at 1:52 pm
Suppose the normal rate of pay is $10 per hour.
If they are paid time and a half for overtime work, then they are paid $10 + (1/2 x $10) = $15 per hour.
November 14, 2019 at 8:58 am
hi Mr. Moffat,
I am confused about when you said while calculating overtime premium (OP): ‘if it wasn’t over time’.
we are paying 30$ which is overtime. but 5@4 = 20 that would be basic element in that overtime and rest is OP?.
November 14, 2019 at 3:17 pm
The overtime is paid at the rate of $30 per hour (i.e. 1.5 x $20).
The normal rate is $20 per hour, so the overtime premium (i.e. the extra being paid) is $10 per hour.
October 9, 2019 at 3:15 pm
Will the ratios be available during the exam or do we have to learn?
October 10, 2019 at 7:26 am
You have to learn!
October 10, 2019 at 2:22 pm
October 10, 2019 at 3:08 pm
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