Labour turnover rate for the month was 20% under replacement method; Number of workers replaced during month was 80 and left was 20. Find out the average number of workers on roll in the month:

CS Executive · Cost and Management Accounting · PYQS · December 2019
Labour turnover rate for the month was 20% under replacement method; Number of workers replaced during month was 80 and left was 20. Find out the average number of workers on roll in the month:
(A) 800
(B) 400
(C) 200
(D) 1000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Labour Costing

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