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i am stuck ans me quiclly 1. SuffixItd is currently analyzing its costs. As part of the management accounting team, you have been asked to
i am stuck ans me quiclly
1. SuffixItd is currently analyzing its costs. As part of the management accounting team, you have been asked to deal with the labour costs. At the beginning of the period, 50,000 units were budgeted at the standard time of 2 hours each. However, 55,000 units were produced and the time taken is 100,000 hours. Required: a. Calculate; (1), efficiency, (2 Marks) (i).production volume and (2 Marks) (iii). capacity ratio for the period under review (2 Marks) b. Explain each of the ratio above and state whether performance is good or not with reasons. ( Marks)Step by Step Solution
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