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Hi, please can you help me with the answers to questions below:
1. at the beginning of the year company had 1600 employees, 860 employees left during the year and 260 was replaced. the labour turnover rate for last year was?
a.16.25%
b.20%
c.10%
d.?2. employe works 35 hrs a week and is paid £10 an hour if any overtime is worked employee is paid £15 an hour. employee worked 42 hours and 3 hours were worked because of machine breakdown.
calculate indirect cost for that week:
a.30
b.35
c.105
d.651.
At the end of the year there were 1000 employees (1600 – 860 + 260).
So the average number of employees was (1600 + 1000)/2 = 1300
The number replaced was 260.
So the turnover rate was 260 / 1300 = 20%2.
The extra $5 per hour for overtime is indirect cost (and there are 7 hours of overtime)
The hours worked because of machine breakdown are indirect and charged at $10 per hour
1 An accountant wishes to select a sample of sales invoices to check their accuracy. She wants the sample to be as unbiased as possible. She also wants to ensure that some invoices are chosen are from each month of the wear. Which method of sampling is MOST appropriate? Quota Random,stratified,cluster
2,The following statements set out to explain why it is necessary to distinguish between production and non-production costs. Are they true or false?
To facilitate the valuation of inventory
To establish period costs
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