In 2005 the Number of Workers in the Forest Industry

question 225

Short Answer

In 2005 the number of workers in the forest industry was forecast to decline by 3% per year, reaching 80,000 in 2015. How many were employed in the industry in 2005?

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Definitions:

Direct Labour-Hours

The total hours worked directly on the production of goods, used to allocate labor costs accurately to products.

Variable Manufacturing

Costs that vary directly with the level of production output, such as materials and direct labor costs.

Fixed Manufacturing

Costs associated with the manufacturing process that do not vary with production volume, such as rent, depreciation, and salaries of permanent staff.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset over time.