The following information relates to questions 5 to 7For the past period, the following information is available for AI PLC.
Standard time to produce each unit : 10 minutes
Actual Output produced : 3000 units
Actual hours worked : 550 hours
Hours budgeted : 560 hours
5. Calculate the labour efficiency ratio.
6. What is the labour capacity ratio?
7. Calculate the production volume ratio.
8. Which of the following are reasons for labour turnover(select all that apply)A. Old age
C. Poor working conditions
E. High salary
9. A machine at a factory has broken down 6 hours until it was repaired. During this time employees were considered idle. Does the organization have an obligation to pay these employees at a basic wage rate or reduced wage rate since no work was done?
10. Company R pays overtime for managers at 1.5 times the basic wage of $20. However, there is a maximum hour cap for overtime worked, which is at 10 hours per week. Any overtime worked above this is paid at the basic wage rate plus $2 per hour. In a 40 hour week, if a manager worked 56 hours, how much should he receive