Worksheets2-10 Labor Costing
Total questions: 14
Worksheet time: 4hrs 30mins
What fraction of sales revenue is associated with labor costs?
One-third
One-half
One-fourth
One-fifth
Which of the following is NOT a characteristic of labor costs?
Tied to sales
Fixed cost
Controllable
Semivariable cost
Full-time employees are typically:
Paid hourly
Salaried
Commission-based
Freelancers
What is the relationship between employee turnover and labor costs?
Higher turnover = lower labor costs
Higher turnover = higher labor costs
Lower turnover = higher labor costs
Turnover does not affect labor costs
Which of the following is directly impacted by employee turnover?
Labor costs
Product quality
Customer satisfaction
Market share
What does the document suggest about the number of employees hired to fill one position?
It reduces labor costs
It contributes to labor costs
It has no effect on labor costs
It improves employee satisfaction
Which of the following is a factor contributing to labor costs?
Employee turnover
Office design
Product innovation
Customer feedback
What is the effect of higher employee turnover on training costs?
It decreases training costs
It increases training costs
It has no effect on training costs
It stabilizes training costs
What is the purpose of scheduling hourly staff according to anticipated sales?
To reduce training costs
To align labor with expected demand
To increase employee satisfaction
To minimize equipment usage
Which of the following is a characteristic of variable costs?
They are constant regardless of sales
They fluctuate with sales volume
They are predetermined annually
They are unrelated to production levels
What is the purpose of using a master schedule in crew scheduling?
To increase costs
To serve as a template
To reduce flexibility
To eliminate communication
This is the amount of sales an operation does over a given period of time.
Fixed Costs
Business Volume
Variable Costs
Sales Forecasts
True or False: As projected sales go up, so should the number of employees scheduled.
True
False
Which of the following is NOT a part of a good scheduling contingency plan?
Cross-train employees
Have on-call employees
Identify Shift Leaders
Institute tardiness policy
