Multiple Choice Questions on Calculate the labour turnover rate according to Flux method from the following Number of w........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Calculate the labour turnover rate according to Flux method from the following Number of w...........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    Calculate the labour turnover rate according to Flux method from the following:  

    Number of workers in the beginning of the month: 500  

    Number of workers at the end of the month: 600

    During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited.  Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme. 

    4.55%

    Incorrect Answer

    1.82% 

    Incorrect Answer

    6.36% 

    Correct Answer

    3%

    Incorrect Answer
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    Explanation:

    The formula of calculating labour turnover according to Flux Method:

    Number of workers separated (+) replacement during the period/Average number of workers x 100

    Where,

    Separated means workers left and discharged

    Replacement means workers recruited in place of old workers

    Average number of workers=

    Number of workers in the beginning of the period + Number of workers in the end of the period/2

    In given problem, labour turnover=35 /550 x 100 = 6.36%

    By: Vikas Goyal
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