Drew68631 Drew68631

05-10-2022
Business

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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

Answer :

tutorconsortium123 tutorconsortium123

12-10-2022

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

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