Option C. Standard hours for actual production Actual hours worked × 100. Answer & Solution Answer: Option C No explanation is given for this question Let's Discuss on Board

Commerce · Q1215

Costing

Graduate and Post Graduate · Commerce · question 1215

Q1215

Efficiency Ratio =

\frac{Number of actual working days in a period}{Number of working days in the budget period} \times 100

\frac{Actual hours worked}{Budgeted hours} \times 100

\frac{Standard hours for actual production}{Actual hours worked} \times 100

Answer

\frac{Standard hours for actual production}{Budgeted standard hours} \times 100

Answer: Option C

Solution

Answer: Option C

No explanation is given for this question Let's Discuss on Board

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