Employee costs as a percentage of labour turnover question

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kwiffwaf
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#1
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#1
Hi, i have an answer but just want to see if people agree with me.

The data below relates to a factory.
capacity = 180 units per day
number of employees = 16
wages per day = £60 per employee
selling price = £15 per unit
capacity utilisation = 80%

Assuming that all output is sold, calculate the factory's employee costs as a percentage of turnover
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Eddkings
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hello i can help you confirm the answer
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kwiffwaf
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(Original post by Eddkings)
hello i can help you confirm the answer
Hi @EddKings i got 28.4% is this right ?

16X60=960
new capacity = 225
225X15=3375

960
---------- X100 = 28.4%
3375
Last edited by kwiffwaf; 1 year ago
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AndM12
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(Original post by kwiffwaf)
Hi @EddKings i got 28.4% is this right ?

16X60=960
new capacity = 225
225X15=3375

960
---------- X100 = 28.4%
3375
Hi! Thought since I didn’t see anyone respond, I’d just tell you what the answer was!
We did this in class the other day and our teacher sent us the mark scheme for it.

Employee Costs: 16 x £60 = £960
Turnover: £15 x 180 = £2700

960
————— x 100 = 35.5%
2700
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kwiffwaf
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(Original post by AndM12)
Hi! Thought since I didn’t see anyone respond, I’d just tell you what the answer was!
We did this in class the other day and our teacher sent us the mark scheme for it.

Employee Costs: 16 x £60 = £960
Turnover: £15 x 180 = £2700

960
————— x 100 = 35.5%
2700
Thanks !
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fsdfesdfesdfeshf
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(Original post by AndM12)
Hi! Thought since I didn’t see anyone respond, I’d just tell you what the answer was!
We did this in class the other day and our teacher sent us the mark scheme for it.

Employee Costs: 16 x £60 = £960
Turnover: £15 x 180 = £2700

960
————— x 100 = 35.5%
2700
That can't be right it has to be 44.4%
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