Answer:
Debit Bank; Credit Accounts Payable
Debit Repair Expense; Credit Accounts Payable
Ummm i don’t think i understand the question
Answer:
$4,600
Explanation:
Standard rate = $0.60
Unit produced = 9,000
Favorable spending variance = $800
Material spending variance = [Standard rate - Actual rate) * Unit produced
Material spending variance = [Standard rate*Unit produced - Actual rate*Unit produced
$800 = [$0.6*9000) - Actual cost
Actual cost = [$0.6*9000) - $800
Actual cost = $5,400 - $800
Actual cost = $4,600
Answer:
The correct answer is letter "B": Limits to arbitrage.
Explanation:
The limits to arbitrage state that prices can stay unbalanced for prolonged periods due to restrictions imposed on funds that would usually be used by reasonable traders to arbitrate away pricing inefficiencies. The limits of arbitrage are closely related to the <em>Efficient Market Theory</em> (<em>EMH</em>).
a) 12 customers per hour is the flow rate of the process.
b) if the car wash has a demand of 15 cars per hour 60 percent is the utilization of the machine that performs the wax process.
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Explanation:</u></h3>
a) The bottle neck which is the process of washing has a capacity of 12 number of cars as its minimum capacity. The flow rate is considered as the minimum capacity of the bottleneck. Thus, flow rate of the process will be 12 customers per hour.
b) The utilization capacity can be calculated by dividing flow rate by the capacity of the process step.
Here the demand is 15 cars per hour. The calculated flow rate is 12 cars per hour. The difference is 3.
Thus the capacity of the machine which performs the wax process will be 1 / 3 × 60 = 20 cars per hour.
Thus the utilization of this machine is 12 / 20 = 60 percent.
Utilization is the flow rate divided by the capacity of the process step.
