Production Rate: Definition And Calculation Formula Example
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WEBJan 12, 2024 · Production Rate = Total Output / Time. To put it into perspective, let’s say a manufacturing company produced 10,000 units in a month. The production was carried out over 20 working days. Applying the formula, we get: Production Rate = 10,000 units / 20 days. Production Rate = 500 units per day. Based on this example, the daily …
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