GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the elements below could be additions cost elements when considering the topic of employee separation?
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Wage and benefits saved due to vacancy
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The cost of reduced productivity while the new employee is learning on the job
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The cost of additional overtime to cover vacancy
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All three answers are correct
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Explanation:
Detailed explanation-1: -Employee cost includes the following: (i) Wages and salary; (ii) Allowances and incentives; (iii) Payment for overtimes; (iv) Employer’s contribution to Provident fund and other welfare funds; (v) Other benefits (leave with pay, free or subsidised food, leave travel concession etc.) etc.
Detailed explanation-2: -Direct Material. It represents the raw material or goods necessary to produce or manufacture a product. Indirect Material. Direct Labour. Indirect Labour. Direct Expenses. Indirect Expenses. Overhead. Factory Overhead. More items
There is 1 question to complete.