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10 Cards in this Set

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  • Back
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Labour Productivity
output over period
----------------------------
number of employees or hours worked
Level of output in relation to producing the cost or service.
Efficiency %
actual output
------------------------ x100
standard/expected output
how are they doing against budget - over 100 = good, less than 100 under budget.
Machine Productivity
sales over period
-------------------------
Machine hours over period
Capital Productivity or Asset Turnover (£)
sales (£) over period
---------------------
capital employed
sales revenue per £1 of capital employed (capital employed = financed by unless otherwise stated).
Cost Per Unit
cost of production
------------------
units produced
can also be used for service industries - i.e. Police - offence delt with
Resource Utilisation %
actucal hours worked
------------------------ x100
hours available for work
Closer to 100% the better
Gross Profit Margin %
Gross Profit
------------
Sales
Gross profit = Sales - cost of goods sold
Net Profit Margin %
Net Profit
----------
Sales
Net profit = gross profit - expenses
ROCE
Return on Capital Employed
Net Profit
----------
Capital Employed
(capital employed = financed by unless otherwise stated).
ROCE
Net Profit margin % X Asset turnover