From the following data relating to a fi rm, you are required to calculate (a) labour-turnover ratio
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From the following data relating to a fi rm, you are required to calculate
(a) labour-turnover ratio and
(b) profi t foregone due to labour turnover:
The direct labour hours worked during the period were 3,500. This included 1,500 hours for newly recruited workers, who were undergoing training and whose productive time was only 66 2/3%. There was some delay in fi nding new employees to replace the workers who had left and the time lost was 500 hours. Costs incurred to replace the leavers were as follows:
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