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A company records the following information concerning a product:
Standard time allowed per unit 16 minutes
Actual output in period 720 units
Actual hours worked 180
Budgeted hours 185
What is the labour efficiency ratio?Do not simply set test questions here and expect an answer!
You must have an answer in the same book in which you found the question and so you should ask about whatever it is in the answer that you are not clear about – then I will help you.You will find an explanation as to how to calculate the labour efficiency ratio in our free lectures. The lectures are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well.
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