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Total Lingo Inc. budgets to make 375,000 standard units of output during a budget period of 1,875,000 hours. Actual output during the period amounted

Total Lingo Inc. budgets to make 375,000 standard units of output during a budget period of 1,875,000 hours. Actual output during the period amounted to 450,000 units, which took 2,175,000 hours to produce. Calculate the efficiency ratio? O a. 116% O b. 103% O c. 120% O d. 86%

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