Employee Turnover Rate: Employee turnover refers to the change in the labour force during a specified period. Various methods are used to measure the labour turnover rate. The following are the popular methods for measuring employee turnover rate: Causes of Employee Turnover: Causes of employee turnover may be grouped under the following categories: (a) Personal causes (b) Unavoidable causes (c) [...]
Manufacturing overheads form part of the product cost. Accounting for manufacturing overheads aims to equitably assign overheads to units produced during a period. Overheads for a period are aggregated and then assigned to units produced using a method that reasonably captures the demand of the units on resources represented by overheads. Usually, an average rate per unit is calculated and [...]
In deciding whether to continue or abandon project, expected future revenue should be compared with relevant cost. If, the future revenue is higher than the relevant cost, the project should continue. However, qualitative factors are very important in decisions to continue or abandon a project. If, a firm abandons a project only on economic consideration, it might severely affect the [...]