Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 125 units per hour. In the month of July, the company operated the production line for a total of 225 hours and produced 24,400 units of output. What was its capacity utilization rate for the month? (Round your answer to 1 decimal place.) Capacity utilization rate %

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Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 125
units per hour. In the month of July, the company operated the production line for a total of 225 hours and produced 24,400 units of
output.
What was its capacity utilization rate for the month? (Round your answer to 1 decimal place.)
Capacity utilization rate
%
Transcribed Image Text:Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 125 units per hour. In the month of July, the company operated the production line for a total of 225 hours and produced 24,400 units of output. What was its capacity utilization rate for the month? (Round your answer to 1 decimal place.) Capacity utilization rate %
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