A company had 30 direct production employees at the beginning of last year and 20 direct production employees at the end of the year. During the year, a total of 15 direct production employees had left the company to work for a local competitor. What is the labour turnover rate for last year? A 16.7% B 20.0% C 25.0% D 60.0%
A company had 30 direct production employees at the beginning of last year and 20 direct production employees at the end of the year. During the year, a total of 15 direct production employees had left the company to work for a local competitor. What is the labour turnover rate for last year? A 16.7% B 20.0% C 25.0% D 60.0%
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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A company had 30 direct production employees at the beginning of last year and 20 direct production
employees at the end of the year. During the year, a total of 15 direct production employees had left the
company to work for a local competitor. What is the labour turnover rate for last year?
A 16.7%
B 20.0%
C 25.0%
D 60.0%
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