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4 Cards in this Set
- Front
- Back
How do we calculate thr efficiency ratio? |
Expected/ standard hours to make actual output over actual hours taken × 100 |
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How we calculated capacity utilization ratio? |
This is found by taking the Actual hours worked OVER hours Budgeted × 100 |
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How is production volume ratio found? Also known as activity volume ratio...? |
Expected /standard hours to make actual output over hours Budgeted |
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Note that ig given the ratios of two out of capacity..... efficiency and production/volume ....... the third can be found |
Because Efficiency ratio multiplied by capacity utilization ratio equals production/ volume ratio Note that the formula can be altered to find third party |
