ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unit labor cost is computed by dividing:
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the total cost of workers by their average levels of output.
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the total level of output by the total cost of workers.
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the average level of output by the average cost of workers.
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the average cost of workers by their average levels of output.
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Explanation:
Detailed explanation-1: -Labour productivity is therefore calculated by dividing the output produced during a period by the number of employees working during that same period.
Detailed explanation-2: -The Direct Labor Cost Formula The pay rate multiplied by the time spent working on the project yields the direct labor cost, or Direct Labor Cost= Pay Rate * Project Time.
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