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Commerce · Q110

Costing

Graduate and Post Graduate · Commerce · question 110

Q110

Number of methods available for calculation of Labour turnover is ________.

A.
two
B.
three
Answer
C.
four
D.
five

Answer: Option B

Solution

Answer: Option B
Solution:
Separation Method
Labour Turnover = No. of workers left or separated during a period / Average number of workers on role during that period x 100
Replacement Method
Labour Turnover = No. of workers replaced during a period / Average number of workers on role during that period x 100
Flux Method
Labour Turnover = (No.of workers separated in a period + No. of workers replaced in the same period) / Average number of workers on role during that period x 100

Note : Average No.of. Workers = (No. of workers at the beginning of the period + No. of workers at the end of the period) / 2