Answered: labor turnover

Business

Accounting

labor turnover

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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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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