Labor Hours – NBC Institute

MI – May 2022 – L1 – SA – Q9 – Basic Variance Analysis

Calculating efficiency ratio based on labor hours.

Question

XYZ manufacturing was able to achieve 95 percent of budgeted labour hours. If budgeted labour hours are 44,737 and standard hours produced is 42,075, what is the efficiency ratio?

A. 106%
B. 101%
C. 99%
D. 94%
E. 89%

Answer

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Tags: Efficiency Ratio, Labor Hours, Variance
Level: Level 1

Topic: Basic Variance Analysis
Series: MAY 2022

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MI – May 2022 – L1 – SA – Q9 – Basic Variance Analysis

Calculating efficiency ratio based on labor hours.

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Calculating efficiency ratio based on labor hours.

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Calculating efficiency ratio based on labor hours.

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Calculating efficiency ratio based on labor hours.

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