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labour

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › labour

  • This topic has 7 replies, 3 voices, and was last updated 11 years ago by John Moffat.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • May 26, 2014 at 11:18 am #170898
    zwahira
    Member
    • Topics: 26
    • Replies: 44
    • ☆☆

    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

    May 26, 2014 at 5:48 pm #170991
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    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.

    May 27, 2014 at 2:50 pm #171176
    zwahira
    Member
    • Topics: 26
    • Replies: 44
    • ☆☆

    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.360staff

    May 27, 2014 at 6:02 pm #171208
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    The 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%

    May 28, 2014 at 8:13 am #171362
    Miss NM
    Member
    • Topics: 12
    • Replies: 23
    • ☆

    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?

    May 28, 2014 at 9:11 am #171366
    zwahira
    Member
    • Topics: 26
    • Replies: 44
    • ☆☆

    Thanks you sir..

    May 28, 2014 at 9:15 am #171368
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    zwahira: you are welcome 🙂

    May 28, 2014 at 9:17 am #171369
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    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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