Which of the following is a definition of the throughput accounting ratio?a) Throughput contribution/hours on bottleneckb) Conversion costs per hour/throughput per hourc) Throughput per hour/conversion costs per hourd) Total conversion costs/total throughpu

The throughput accounting ratio is defined as: Throughput contribution/hours on bottleneck. So, the correct answer is a) Throughput contribution/hours on bottleneck.

Here's a step-by-step explanation:

1. Throughput contribution: This is the revenue generated from selling a product minus totally variable costs (like raw materials). It's the money that contributes to covering fixed costs and generating profit.

2. Hours on bottleneck: This is the amount of time that the limiting factor in a production process (the bottleneck) is in operation.

3. The ratio: By dividing the throughput contribution by the hours on bottleneck, you get a measure of how effectively the most constrained resource in the process is being used to generate profit. This is the throughput accounting ratio.