Answered: labor turnover

Business

Accounting

labor turnover

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10PB: The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was...

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Question

Hansel Corporation provided the following data:

No. of employees at the beginning of the month 600

No. of employees at the end of the year 640

No. of employees resigned 40

No. of employees discharged 10

No. of employees replaced 20

Required: Calculate the labor turnover by applying three methods:

Separation method
Replacement method
Flux method

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1. Formula for calculation of labor turnover by separation method

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Calculation of labor turnover by separation method

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2. Formula for calculation of labor turnover by replacement method

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Calculation of labor turnover by replacement method

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3. Formula for calculation of labor turnover by flux method

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Calculation of labor turnover by flux method

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