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it takes a lawyer 120 minutes to serve one customer. demand is 2 customers per 8-hour day. the lawyer has a wage rate of $150 per hour. a. what is the cost of direct labor for the lawyer expressed in $ per customer? b. what is the labor utilization of the lawyer

Sagot :

tutorconsortium123

a. The Direct Labor cost  = $750 per customer.

b. Labor utilization  = 0.67

Why is labor utilization important?

  • Considerations. Many businesses track their monthly direct worker utilization rates to gauge how effectively their business operations are running.
  • The corporation will try to increase the percentage by lowering indirect labor costs if it decides that its direct labor utilization is too low.
  • By dividing billable hours worked by the total number of hours worked each day, you may find the utilization rate.
  • The percentage of an employee's available time that is spent on productive, billable work is known as utilization.
  • Utilization rates for employees are a crucial indicator that firms should monitor.

To learn more about : Labor utilization

Ref : https://brainly.com/question/98074

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