Answer and Explanation:
The computation of every point is shown below:-
A. Annual pay = $30,000 (given)
B. Percentage of pay benefits × Annual pay
= 30% × $30,000
= $9,000
C. Total employee annual cost = $30,000 + 9,000
= $39,000
D. Number of employees quit in 12 months = 20 (Given)
E. Number of months it takes to being fully productive = 2 (Given)
F. Turnover cost per person is
= $39,000 × (2 ÷ 12) × 0.5
= $3,250
G. Annual turnover for the job is
= 3,250 + 20
= 3,270
