Which Formula Is Used to Compute Standard Hours Allowed

question 16

Multiple Choice

Which formula is used to compute standard hours allowed?

• A)unit labour standard × actual output
• B)unit labour standard × standard output
• C)unit labour standard × actual input
• D)unit labour standard × standard input

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Definitions:

Disinflation

A slowdown in the rate of inflation, indicating a deceleration in the pace at which prices for goods and services rise.

CPI

The Consumer Price Index is an index that calculates the weighted average price of a basket of consumer goods and services, serving as a gauge for inflation.

Cyclical Rate

Refers to the component of the unemployment rate that is attributable to economic recessions and expansions.

Unemployment Rate

The extent of unemployment within the labor force among those actively looking for jobs.