Complete Question:
Determine the utilization and the efficiency for each of these situations:
a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per
day and an effective capacity of 8 loans per day.
b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the
effective capacity is five furnaces a day.
c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than
those other systems? Explain.
Explanation:
It's not (true) actually. Whether the design capacity is comparatively (high), the utilisation could be (low) even though the efficiency was (high).
Utilisation = Output / Design capacity = 
x 100%
Efficiency = Output / Effective capacity = 
Utilisation = 
Efficiency = 
U = 1000/2000
e = 1000/1000
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.
Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
We are forced to make choices in our day to day life because our resources are limited.
An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
I just answered this to get a point sorry ☺
Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
