Financial performance practice assessment 2 labour efficiency ratio 1.7b
Deaniedani
Registered Posts: 26
I can't figure out to get the answers labour efficiency ratio in percentage form for year 1 and 2. Can anyone help, please?
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Comments

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)0 
Thank you0