GK
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: -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.
Detailed explanation-2: -Labor-to-revenue ratio is a financial analysis tool that compares the amount of money a company spends on its employees to the amount of money it makes in net sales. Dividing labor cost by net sales for a given period yields this ratio. Multiplying the result by 100 converts it to percentage.
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