May 20th, 2015
Studypool Tutor
Abraham Lincoln University
Price: $20 USD

Tutor description

For specific job For regular but additional production Negligence or delay in one particular department Abnormal causes

Word Count: 140
Showing Page: 1/10
Labour Cost managementADMLabour costWages : direct monetary incentiveIndirect monetary incentive:1.Profit sharing/bonus2.Co-partnership ( management/equity holding)Non monetary incentivesBetter working conditions:Health & safetyCanteenHousingEducation & trainingRetirement benefitsLabour Time Normal working hours Overtime Idle time: unavoidable/avoidableExampleMachine capacity: 48 hours per weekNo. of working weeks: 50Expected working hrs: 80% of max hrsActual hrs worked: 1,800Idle time: in hrs Waiting for instructions: Waiting for materials Machine breakdown Total idle timeCalculate the idle facilities40203090Answer Max capacity: 48*50=2,400 Budgeted/std(80%):1,920 Unavoidable 480Actual recorded 1,800Idle time90Total1,890Budgeted1,920Avoidable idle facilitie30Idle facilities vs time Idle facilities: plant capacity utilization Idle time: labour time utilizationTreatment of Overtime Labour turnoverOvertime For specific job For regular but additional production Negligence or delay in one particulardepartment Abnormal causesLabour turnover Preventive costs Replacement costs

Review from student

Studypool Student
" excellent work as always thanks for the help "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Other Documents

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors