Question: Total Lingo Inc. budgets to make 375,000 standard units of output during a budget period of 1,875,000 hours. Actual output during the period amounted to

Total Lingo Inc. budgets to make 375,000 standard units of output during a budget period of 1,875,000 hours. Actual output during the period amounted to 450,000 units, which took 2,175,000 hours to produce. Calculate the efficiency ratio?

(ii) Kadje Limited had a staff complement of 1,875 on January 1, 2019. As a result of recession, 900 staff left during the year which is 525 more than expected. The excess was replaced immediately by the HR department. Calculate the labour turnover rate.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

i To calculate the efficiency ratio we need to compare the actual hours worked to the standard hours ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

management accounting Total Lingo Inc. budgets to make 375,000 standard units of output during a budget period of 1,875,000 hours. Actual output during the period amounted to 450,000 units, which...

Please can you please answer the attachment below i need assistance MAC3701/2016 COMPULSORY ASSIGNMENT 01/2016 (semester 2) Semester Second Assignment nr 1 Due date Unique number 17/08/2016 753124...

I am sorry but every information is here and visible. What did you not find? P9.41 (appendix) Production, materials, labour and overhead budgets: manufacturer LO 9.110 The La Casa division of Peters...

Hello I've attached an Excel file (NZ1832) and I got these questions wrong: 6.01, 6.02, 6.03, 6.04, 9.01, 9.04, 9.05, 9.06, 9.09, 9.12, 9.13, 10.01, 10.03, 10.04, 10.05, 10.07, 13.01, 15.01, 15.02,...

Whitman inc. makes a complex product. Recently, the general manager of the company expressed concern about a lack of coordination between purchasing and production staff. He believes a monthly...

Can you help me complete tabs 8 till 18 please You can input the formulas on the cells that way I know how you got the results YZ7742 I SEE THE LIGHT www.cybertext.com, The Book List, Building Blocks...

Describe how to map a specialization hierarchy, a specialization lattice, and a categorization.

A spherical cloud of nomuniform charge density (R-2.00m) is surrounded by a conducting spherical shell (R-4.00m) of uniform charge density. The conducting spherical shell has a total charge of -2.00...

13. Question 13 Suppose Sit Down, Co. reported LIFO beginning inventory of $4,056 and LIFO ending inventory of $4,121 in fiscal year 2017. Inventory purchases for 2017 were $21,590 and the change in...

The Supreme Court limits punitive damages in most cases to nine times the compensatory damages awarded in the same case. Is this a sensible guideline? If not, should it be higher or lower?

Johnson Corporation began the year with inventory of 10,000 units of its only product. The units cost $8 each. The company uses a perpetual inventory system and the FIFO cost method. The following...

Write a method, components(G), for undirected graph G, that returns a dictionary mapping each vertex to an integer that serves as an identifier for its connected component. That is, two vertices...

Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs financial statements and disclosure notes for the year...

According to a recent study by the Annenberg Foundation, only 36% of adults in the United States could name all three branches of government. This was based on a survey given to a random sample of...

Ameri Exercise 6 - 3 2 ( Algorithmic ) ( LO . 3 ) Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $ 5 8 , 0 0 0 during the year. Income generated...

How does the fixed cost per unit change as the level of activity (or cost driver) increases? Why?

Describe the managerial accountants role in the decision-making process.

A report released by the College Board asserted the percentage of students who took and passed Advanced Placement (AP) courses in all subjects has increased in every state and the District of...

A random sample of 441 shoppers revealed that 76% made at least one purchase at a discount store last month. a. Based on this sample information, what is the 90% confidence interval for the...

Arco Manufacturing makes electronic pagers. As part of its quality efforts, the company wishes to estimate the mean number of days the pager is used before repair is needed. A pilot sample of 40...