Question

(g) Effects of Labour Turnover.
(h) What is out of Pocket-Cost?
Unit-1
2. Define Cost Accounting. How does it help management? Discuss its advantages and limitations. 5.
Write short notes on the following:what do you mean by overhead? discuss the different methods of allocatine the factory overheads​

Answer 1

Effects of Labour Turnover:

It has been observed by employers that a normal labour turnover, which is between 3% and 5%, need not cause much anxiety. But a high labour turnover is always detrimental to the organisation. The effect of excessive labour turnover is low labour productivity and increased cost of production.