Labour costingForums › ACCA Forums › ACCA MA Management Accounting Forums › Labour costingThis topic has 1 reply, 2 voices, and was last updated 9 years ago by HazE.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 17, 2015 at 3:20 pm #257480 MunMemberTopics: 13Replies: 31☆Hi,Can anyone teach me how to do this question?The standard time for the production of one unit of product X is 20 minutes.1700 units of the product were budgeted to be manufactured.this was 200 units more than actual.During the period,480 hours were worked.what was the efficiency ratio? June 17, 2015 at 6:21 pm #257515 HazEParticipantTopics: 11Replies: 84☆☆Effeciency = expected time to make an output/ Actual time takenSince actually there were 1500 units made and took 480 hrs or 28800 mins The expected or standard time for 1500 is 1500*20 =30000minsSo effecieny is 30000/28800= 1.04AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In