The formula to calculate the Time Efficiency is:
\[ E_{time} = \frac{SL}{AT} \times 100 \]
Where:
Time Efficiency is a measure of how effectively time is utilized in completing a task. It is calculated by comparing the standard labor hours required to complete a task with the actual time taken to complete it, expressed as a percentage.
Let's assume the following values:
Using the formula to calculate the Time Efficiency:
\[ E_{time} = \frac{40}{50} \times 100 = 80\% \]
The Time Efficiency is 80%.