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The Ratio of Labour Cost Per Day to Productivity, in Units

question 6

True/False

The ratio of labour cost per day to productivity, in units per day, is the labour cost per unit.

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Definitions:

Payroll

The total amount of wages and salaries paid by a company to its employees.

Fundamental Analysis

Assessment of firm value that focuses on earnings and dividends prospects, expectations for future interest rates, and risk evaluation.

Earnings

The amount of money that a company makes during a specific period, usually defined as profit after all expenses have been subtracted from revenue.

Dividends

Payments made by a corporation to its shareholder members, typically a portion of the earnings decided by the board of directors.

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