Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Teams Dynamics And Efficiency

Authors: Mara Cameran, Angelo Ditillo, Angela Pettinicchio

1st Edition

1032097000, 9781032097008

More Books

Students also viewed these Accounting questions

Question

What has been the evolution of HRM?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago