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Dear Sir,
Kindly refer Q5 What was the efficiency ratio? (page 44 -F2 Note).
The answer I calculated was,Actual hour per unit = 11000/2500 = 0.44 hour per unit
efficiency ratio = 8000/(20000 x 0.44) = 0.909 x 100% = 90.9%
The method I used to calculate the answer is “correct or wrong”, please advise?
The answer given in the “Answer to multiple choice tests” is not clear (given blow), can you please help?
5) C
actual hours worked = 11000
standard hours for the actual production = 25000 / 20000 × 8000 = 10000
Efficiency ratio = 10000 / 11000 = 90.9%There is no need to post the same question twice!
There is often more than one way of calculating figures – it is irrelevant as long as you get the correct answer.
sorry does not relate to above i want to know formula of
market share of performance measurement , plz……………. thanks for updating MTQS OF sectionB IN OPEN TUTION
hi in section b of extra mtq , question 2, task 1 ,
how to calcutate opening finished goods inventory and closing finished goods inventory,, i mean how? i really did not get i try it but…………./Please open a new thread if it is a different topic.
There is no formula to learn for market share. It can be calculated on various things – it depends on what information is available.
The most common is to calculate our revenue as a percentage of the total revenue of all companies in the same business as us.
The questions says that it wants enough inventory to last 5 days of the next quarter.
You know that each quarter lasts 13 weeks and there are 5 days in each week, and so the inventory at the end of each quarter will equal the demand for the next quarter divided by 13.
(and the closing inventory of one quarter is obviously the opening inventory of the next quarter)
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