Question: Using the data from the previous question, calculate the following performance measures: Data from previous question The following information relates to Osprey Limited: Budgeted production:
Using the data from the previous question, calculate the following performance measures:
Data from previous question
The following information relates to Osprey Limited:
Budgeted production: 500 units.
Standard hours per unit: 10.
Actual production: 600 units.
Budgeted fixed overhead: £125,000.
Actual fixed overhead: £120,000.
Actual hours worked: 4900.
(a) Efficiency ratio
(b) Capacity ratio
(c) Production volume ratio.
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