Reliable Ltd. has given the following data : Budget Production = 800 Units Standard hours per unit = 25 Actual production = 576 units Actual Working = 12,000 hours What is the Efficiency Ratio ?

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Reliable Ltd. has given the following data : Budget Production = 800 Units Standard hours per unit = 25 Actual production = 576 units Actual Working = 12,000 hours What is the Efficiency Ratio ?
(A) 110%
(B) 120%
(C) 100%
(D) 125%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Management Accounting

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