Rombus corp manufactures plastic bottles. With the givendetails calculate Efficiency and Capacity ratio:Budgeted production90 unitsActual production70 unitsStandard time per unit8 hoursActual hours worked500 hours.

Total hours available = Budgeted Production x Standard time per unit…

Answered: Rombus corp manufactures plastic…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: Acounting

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Rombus corp manufactures plastic bottles. With the given details calculate Efficiency and Capacity ratio: Budgeted production 9o units 70 units 8 hours Actual production Standard time per unit Actual hours worked 500 hours.