Get premium membership and access questions with answers, video lessons as well as revision papers.
- The reasons for labour turnover may be analyzed by cause into controllable and non controllable.
Controllable factors
1. Terms and condition of employment e.g. rate of pay, working hours.
2. Poor working conditions e.g. excess noise, dirt heat/cold etc.
3. Lack of amenities e.g. rest rooms and wash up facilities.
Non controllable factors
1. Retirement
2. Change in family circumstances
3. Career progression desires
4. Redundancy e.g. replacement labour by machines.
Wilfykil answered the question on August 5, 2019 at 13:02
- Discuss Labour turnover(Solved)
Discuss Labour turnover
Date posted: August 5, 2019. Answers (1)
- Explain Controllable and non Controllable Labour Costs(Solved)
Explain Controllable and non Controllable Labour Costs
Date posted: August 5, 2019. Answers (1)
- Differentiate between Fixed and Variable Labour Cost(Solved)
Differentiate between Fixed and Variable Labour Cost
Date posted: August 5, 2019. Answers (1)
- Explain Over time and incentive bonuses(Solved)
Explain Over time and incentive bonuses
Date posted: August 5, 2019. Answers (1)
- Discuss on classification of Labour Cost(Solved)
Discuss on classification of Labour Cost
Date posted: August 5, 2019. Answers (1)
- Below is the consumption per week of a certain item(Solved)
Below is the consumption per week of a certain item
Required: R.L; Min stock level, max stock level, average stock level.
Date posted: August 5, 2019. Answers (1)
- Elaborate on Setting Material Levels(Solved)
Elaborate on Setting Material Levels
Date posted: August 5, 2019. Answers (1)
- A company is reviewing its stock and has the following alternatives available for evaluating the optimal order size for item number 1287 (Solved)
A company is reviewing its stock and has the following alternatives available for evaluating the optimal order size for item number 1287
1. Purchase stock twice monthly, 100 units
2. Purchase monthly, 200 units
3. Purchase every three months, 600 units
4. Purchase every six months, 1,200 units
5. Purchase annually, 2,400 units
It is ascertained that the purchase price per unit is Sh.80 for deliveries up to 500 units. A 5% discount is offered by the supplier on the whole order where deliveries are 301 up to 1,000 and 10% reduction on the total order for deliveries in excess of 1,000. Each purchase order incurs administration costs of Sh.50. Storage, interest on capital and other costs are Sh.25 per unit of average stock quantity held.
Required: Advise management on the optimum order size
Date posted: August 5, 2019. Answers (1)
- Bora Supermarket carries on its operations in Kisumu town. On annual basis, it orders 480,000 pens from a Nairobi based distributor.(Solved)
Bora Supermarket carries on its operations in Kisumu town. On annual basis, it orders 480,000 pens from a Nairobi based distributor. A packet of twenty four pens delivered to Bora‟s warehouse costs Sh.480 including transport charges. The supermarket borrows money from BHK bank at an interest rate of 10% per annum to finance its inventories. The supermarket also incurs Sh.1, 500 to place an order for the pens and Sh.8 carrying cost for each pen. Required:
(i) Economic order quantity (EOQ) for the pens
(ii) Total cost at the economic order quantity
(iii) For orders of 72,000 pens and above, the distributor has offered a discount rate of 10% on delivery price.
Advise the management of the supermarket on whether to take advantage of the discount offer.
Date posted: August 5, 2019. Answers (1)
- List the four cost associated inventory(Solved)
List the four cost associated inventory
Date posted: August 5, 2019. Answers (1)
- Tido ltd buys and sells products Q3. It values stock on the basis of LIFO. As at 1st June 2001 stock in hand consisted of...(Solved)
Tido ltd buys and sells products Q3. It values stock on the basis of LIFO. As at 1st June 2001 stock in hand consisted of 4500 units which was acquired at sh 50 per unit. The operations for the month were as follows.
Date posted: August 5, 2019. Answers (1)
- Explain the Purchasing Systems(Solved)
Explain the Purchasing Systems
Date posted: August 5, 2019. Answers (1)
- Give the Steps followed in Procurement of Materials(Solved)
Give the Steps followed in Procurement of Materials
Date posted: August 5, 2019. Answers (1)
- List the Concepts of Cost accounting(Solved)
List the Concepts of Cost accounting
Date posted: August 5, 2019. Answers (1)
- What is the definition of:
1. Cost
2. Cost units(Solved)
What is the definition of:
1. Cost
2. Cost units
Date posted: August 5, 2019. Answers (1)
- Discuss the term "Management Accounting"(Solved)
Discuss the term "Management Accounting"
Date posted: August 5, 2019. Answers (1)
- What is the difference between financial accounting and cost accounting?(Solved)
What is the difference between financial accounting and cost accounting?
Date posted: August 5, 2019. Answers (1)
- What is the meaning of Financial accounting?(Solved)
What is the meaning of Financial accounting?
Date posted: August 5, 2019. Answers (1)
- Discuss Cost accounting and control(Solved)
Discuss Cost accounting and control
Date posted: August 5, 2019. Answers (1)
- Discuss the definition of and Scope of Cost Accounting(Solved)
Discuss the definition of and Scope of Cost Accounting
Date posted: August 5, 2019. Answers (1)