Following information is collected from the personnel department of a company for year ending 31st n...........

Costing - Phase (I & II) Methods of Costing

Following information is collected from the personnel department of a company for year ending 31^st March, 2019:

Number of workers at beginning of the year: 8000

Number of workers at end of the year: 9600

Number of workers left the company during the year: 500

Number of workers discharged during the year: 100

Number of workers replaced due to left and discharged: 700

Additional workers employed for expansion during the year:1500

The Labour Turnover rate as per Separation method, Replacement method and Flux method will be:

6%, 8%, 15%

6.82%,7.95%,14.77%

6.5%, 8.5%, 15%

Cannot be calculated

Labour Turnover rate as per Separation method:

=Number of workers separated during the period/Average number of workers x 100

= 600/8800 x 100= 6.82%

Labour Turnover rate as per Replacement method:

Number of workers Replaced in place of old workers during the period/Average number of workers x 100

700/8800 x 100 = 7.95%

Labour Turnover rate as per Flux method:

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

600 + 700/8800 x 100 = 14.77%

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