Determine the utilization and the efficiency for each of these situations:

a. A loan processing operation that processes an average of 6 loans per day. The operation has a design capacity of 15 loans per day and an effective capacity of 8 loans per day. Round answer to 1 decimal place. Omit the "%" sign on response in the box. Utilization % Efficiency %
b. A furnace repair team that services an average of 3 furnaces a day if the design capacity is 9 furnaces a day and the effective capacity is 7 furnaces a day. Round answer to 1 decimal place. Omit the "%" sign on response in the box. Utilization % Efficiency %
c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? Yes No

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Post test question number 9 for entering the job market

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?