Financial performance practice assessment 2 labour efficiency ratio 1.7b

Deaniedani

I can't figure out to get the answers labour efficiency ratio in percentage form for year 1 and 2. Can anyone help, please?

N4T

Is it AQ2013?

The formula is given Labour efficiency ratio = std hrs for act production / act hrs worked

So year 1 is 29760 / 30920 x 100 = 96.25%

(where act production of 37200 taking std hrs of 08.hrs per unit is 29760 hrs)

Deaniedani

Thank you