Accounting for Labour

Question 1

P.110 - Labour turnover

Answer 1

= Number of leavers requiring replacement ÷ Avg no. employees %

Question 2

P.112 - Labour efficiency rate

Answer 2

= Standard hours for actual output ÷ Actual hours for actual output %

Question 3

P.112 - Idle time ratio

Answer 3

= Idle hours ÷ Total hours %

Question 4

P.113 - Labour capacity ratio

Answer 4

= Actual hours for output ÷ Total standard hours %

Question 5

P.113 - Labour production volume (activity) ratio

Answer 5

= Standard hours for actual output ÷ Total standard hours %