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dear sir, I have lots of problem regarding labour. can you help me understand it ihave read the lectures notes here but still I don’t understand it..help me please
I would like to help, but I cannot type out everything on here!
You will have to tell me the specific problems you have and then I will do my best to help.
yes I am sorry.
can you help me with this question?At 1 Jan a company employed 5250 employees. Due to expansion the number of employees increased to 5680 by 31 dec. During the year 360 staff left the company and were replaced. What was the labour turnover rate?
A.6.3%
B.6.6%
C6.9%
D.360staffThe labour turnover rate is the number who were replaced / average number of workers.
In your example, the average number of workers was (5250 + 5680)/2 = 5465
360 left during the year. But over the year, the number of workers increased.
That must mean that all 360 of the people who left were replaced (and we got some extra new people as well).
So number replaced is all 360.So turnover rate = 360/5465 x 100% = 6.59%
Sir can you please help me with this question :
Budgeted production in a factory for next period is 4800 units. Each unit requires 5 labour hours to make. Labour is paid 10 per hour. Idle time represents 20% of total labour time.
What is the budgeted total labour cost for next period?
Miss NM:
Because of idle time, for every 100 hours we pay for, they will be idle for 20, and will therefore only work 80 hours.
So, for every 80 hours of work that we want, we need to pay them for 100 hours.We need 4800 x 5 = 24,000 hours of work.
So we need to pay them for 24,000 x 100/80 hours = 30,000 hours.
So it will cost us 30,000 x $10 per hours = $300,000.
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