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In 2007 Hale Industries had 16 work-related injuries and illnesses. It has 120 employees who work 40-hour weeks with two weeks of vacation each year. No overtime is worked. Total hours of worked lost during 1997 was 11,264. Two employees were killed in an on-the-job accident. Calculate the severity rate.
Machine-Hours
A measure of the total time that machines are operating during a specific period.
Direct Labor-Hours
The total amount of time spent by workers directly involved in the production of goods, measured in hours.
Total Job Cost
The cumulative cost of materials, labor, and overhead for a specific job, useful in tracking expenses and determining profitability for that job.
Machine-Hours
A measure of the amount of time a machine is used in the production process, often used as a basis for allocating costs to products.
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