Suppose that the direct time in a laboratory was 27,000 hours of labor, and that a study
Question:
Suppose that the direct time in a laboratory was 27,000 hours of labor, and that a study indicates that indirect time is generally required to be 33 percent of direct time.
During the year, excluding vacations, holidays, and education time, the laboratory department paid for 40,000 hours of labor.
How productive was the department in terms of its total use of direct and indirect costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Cost Accounting For Health Care Organizations
ISBN: 9780834205284
1st Edition
Authors: Steven A. Finkler
Question Posted: