While implementing the Scanlon Plan, what is the base period for which production costs are averaged to calculate the ratio of production cost to sales value of production?
A) Two years
B) Three to five years
C) Five to seven years
D) Seven years

Question

Quizplus · Accepted Answer

The ratio of production cost/sales value of production is usually determined by averaging the yearly production costs during a base period of three to five years.

While Implementing the Scanlon Plan, What Is the Base Period