AdminHelpdice Team30 May, 2024Efficiency Ratio=Number of actual working days in a period x 100 Number of working days in the budget periodActual hours worked x 100 Budgeted hoursStandard hours for actual production x 100 Actual hours workedStandard hours for actual productionx 100 Budgeted standard hoursCheck AnswerRelated MCQ's ……………..is an example of short-term budget...8 hour ago……………..is an example of long-term budget...8 hour agoMaterial mix variance = standard cost of standard mix - ……………….....8 hour ago……………….is a summary of all function budgets in a Capsule form....8 hour agoWhen 1000 units are 60% complete in a process, it is equivalent to…………….completed units....8 hour agoWhen the actual loss is more than the estimated loss, the differencebetween the two is considered to be……….....8 hour agoWhere raw material is to pass certain stages, before it is convertedinto finished goods, the method of costing used...8 hour agoBoiler house costing is an example of …………….costing...8 hour agoIn transportation costing a composite unit such as …………….is used....8 hour agoThe sum of value of work certified and uncertified appearing in theContract Account is called …………….....8 hour ago
