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LABOUR EFFICIENCY RATIO

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › LABOUR EFFICIENCY RATIO

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • Author
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  • May 5, 2023 at 6:56 am #683940
    Honsu
    Participant
    • Topics: 2
    • Replies: 1
    • ☆

    62 000 units of a company’s single product were manufactured last period in 1 920 hours. This compares with a budget of 6 500 units in 1 950 hours. What was the labour efficiency ratio ?
    A. 95.4 % B. 103.2% C. 96.9 % D. 98.5%

    For this question I calculated with the formula Labour Efficiency Ratio= Standard hrs/actual hrs
    so, for standards 6500/1950 x 62000= but the number is not correct and i am confusing, please help me solve this question.

    May 5, 2023 at 8:09 am #683945
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    There is either a typing error in your book, or you have copied the question wrongly.

    There is no way that they will have budgeted on producing only 6,500 units and then having managed to produce 62,000 units – that would be ridiculous.

    Either they will have budgeted on producing 6,500 units and actually produced 6,200 units (or alternatively they will have budgeted on producing 65,000 units and actually produced 62,000 units). In either case the correct answer will be C.

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