Q.

Efficiency Ratio=

A. Number of actual working days in a period x 100 Number of working days in the budget period
B. Actual hours worked x 100 Budgeted hours
C. Standard hours for actual production x 100 Actual hours worked
D. Standard hours for actual productionx 100 Budgeted standard hours
Answer» C. Standard hours for actual production x 100 Actual hours worked
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