If the number of employees who left the job are 40, the total number of employees are 200, then the employee turnover ratio will be __________?
Correct answer: C. 0.2
- A. 0.6
- B. 0.5
- C. 0.2
- D. 0.7
Explanation
The ratio is calculated as 40 divided by 200, giving 0.20, or 20%. This measures the proportion of the workforce that left during the relevant period.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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