[9](k) Product X takes 5 hours to make and Y requires 10 hours. In a month of 25 effective days of 8 hours a day, 1000 units of X and 600 units of Y were produced. The company employs 50 workers in the production department. The budgeted hours are 1,02,000 for the year. Calculate efficiency ratio and briefly explain its utility (Marks 3) Ans. [110% ] Responsibility Accounting Sto