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CA Inter Employee Cost — practice questions

Explore 68 free Employee Cost questions in CA Inter Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Employee Cost questions and exercises with answers

Showing questions 1–30 of 68.

How is the labour turnover rate calculated?Read the answer and worked solution →A firm has 50 staff at both year start and year end, and 10 left. Turnover?Read the answer and worked solution →What is voluntary labour turnover?Read the answer and worked solution →Involuntary turnover arises when:Read the answer and worked solution →Functional turnover occurs when:Read the answer and worked solution →Which is an unavoidable cause of leaving?Read the answer and worked solution →Internal turnover refers to employees who:Read the answer and worked solution →Which is an indirect cost of labour turnover?Read the answer and worked solution →Which staff turnover cost is a direct outlay?Read the answer and worked solution →Direct turnover costs are leaving, replacement and which other group?Read the answer and worked solution →Which type of posts often show high turnover?Read the answer and worked solution →High labour turnover often means employees are:Read the answer and worked solution →Which departures does the term turnover include?Read the answer and worked solution →Which is a possible benefit of some employee turnover?Read the answer and worked solution →Why do firms hold exit interviews with departing staff?Read the answer and worked solution →Absenteeism is best described as:Read the answer and worked solution →Which is a planned absence from work?Read the answer and worked solution →Which of these is an unplanned absence?Read the answer and worked solution →The Bradford factor assumes which absences hurt the work group most?Read the answer and worked solution →Which model views absence as withdrawal from dissatisfying conditions?Read the answer and worked solution →High absenteeism in a firm can indicate:Read the answer and worked solution →Under piece work, a worker is paid by:Read the answer and worked solution →What is payment by the hour called?Read the answer and worked solution →Who championed the piece rate system in the late 19th century?Read the answer and worked solution →Under Taylor's differential system, workers missing the target:Read the answer and worked solution →Piece rate pay encourages workers to:Read the answer and worked solution →A known drawback of piece rate pay is that workers may:Read the answer and worked solution →Piece rate earnings are often unstable because:Read the answer and worked solution →Does piece rate work exempt employers from minimum wage rules?Read the answer and worked solution →Piece rates work best in what kind of workforce?Read the answer and worked solution →

Worked practice questions

How is the labour turnover rate calculated?

  1. Joiners divided by total payroll cost
  2. Leavers divided by average headcount
  3. Idle hours divided by paid hours
  4. Absent days divided by working days
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Correct answer: B. Leavers divided by average headcount

The rate compares the number who left during the year with the average of opening and closing headcount.

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A firm has 50 staff at both year start and year end, and 10 left. Turnover?

  1. 15%
  2. 20%
  3. 25%
  4. 10%
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Correct answer: B. 20%

Average headcount is 50, so 10 leavers divided by 50 gives 20 percent.

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What is voluntary labour turnover?

  1. Employees moved to another unit
  2. Employees choosing to resign
  3. Employees laid off in a cutback
  4. Employees dismissed for misconduct
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Correct answer: B. Employees choosing to resign

Voluntary exits are those where the worker decides to leave, such as taking a better offer.

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More Cost and Management Accounting topics

Cost SheetProcess CostingCost AccountingMarginal CostingInventory ValuationActivity Based CostingBudgets and Budgetary ControlJob Costing