Your organisation is experiencing a high labour turnover in recent years and management would like you to submit a report on the loss suffered by the Company due to such labour turnover. Following figures are available for your consideration:
The direct man-hours include 9,000 man-hours spent on trainees and replacement, only 50 per cent of which were productive. Further, during the year, 12,000 man-hours of potential work could not be availed of because of delayed replacement. The cost incurred due to separations and replacements amounted to Rs 1 lakh.
On the basis of above data, prepare comparative statement showing actual profit vis-à-vis the profit which would have been realised had there been no labour turnover.
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