1. The Acme Company lost 650 hours due to accidents on the job in the first quarter of the year. The average hourly wage of the employees who contributed to the lost hours was $15.00. The company benefits add 25% to the wages. Using the cost-of-lost-hours formula (employee hours lost X average loaded labour rate = cost), calculate the direct cost of the lost work hours. Discuss the approach you would use to estimate the hidden costs that would also be associated with the lost hours. Your answer must be at least 200 words in length

1. The Acme Company lost 650 hours due to accidents on the job in the first quarter of the year. The average hourly wage of the employees who contributed to the lost hours was $15.00. The company benefits add 25% to the wages. Using the cost-of-lost-hours formula (employee hours lost X average loaded labour rate = cost), calculate the direct cost of the lost work hours. Discuss the approach you would use to estimate the hidden costs that would also be associated with the lost hours.
Your answer must be at least 200 words in length

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