Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company makes a product for which the standard hour is 0.2. The budgeted production hours for a given week were 10,500. During the week
A company makes a product for which the standard hour is 0.2. The budgeted production hours for a given week were 10,500. During the week the production staff were able to produce 1,980 units of product. Actual wage costs were $65,000 and idle time was recorded as $1,625. The wage rage was $6.50 per hour.
The efficiency ration was therefore:
a.
97.5%
b.
94.3%
c.
99.0%
d.
101.5%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started