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
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Chapter2: Basic Managerial Accounting Concepts
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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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