Labour turnover represents

Related MCQs

• When there are frequent changes in the labour force, labour turnover is said to be
• This is one of the avoidable causes of labour turnover.
• Unavoidable cause of labour turnover is:
• Personal cause of labour turnover is:
• Labour cost variance is the difference between standard cost of labour and………..
• Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period
• Inventory turnover in days = Days during the period ÷………………..
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• …………………budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is