From the following data relating to a firm, you are required to calculate (a) labour-turnover ratio and (b) profit foregone due to labour turnover:
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from the following data relating to a firm you are required to calculate a labour tu 617196
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(a) Sales value |
1,00,000 |
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(b) Variable costs: |
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Direct material |
40,000 |
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Direct wages |
21,000 |
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Variable overheads |
20.000 |
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(a) – (b): Contribution |
19,000 |
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Less: Factory overhead |
10,000 |
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Profit before tax |
9,000 |
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 only66 2/3% There was some delay in finding 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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Rs. |
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Cost of recruitment |
1,500 |
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Cost of selection |
2,500 |
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Cost of training |
3,000 |
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Cost of separation |
2,000 |
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