Mathematics · Labor Ratios
A company has recorded the following data for a period: - Standard hours for actual output: 5,000 hours - Actual hours worked: 5,500 hours - Budgeted hours: 4,800 hours What is the labour efficiency ratio?
- 1100.0%
- 290.9%✓
- 3114.6%
- 4104.2%
Correct answer
90.9%
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