Table 15.9 Auto Data Produces Custom Engineering Testing Equipment.The Following Five Orders

question 74

Multiple Choice

Table 15.9
Auto Data produces custom engineering testing equipment.The following five orders are currently in the design department
(all times are shown in weeks) :

-Use the information in Table 15.9.What is the average flow time (in weeks) using the FCFS rule?

• A)fewer than or equal to 8 weeks
• B)greater than 8 weeks but fewer than or equal to 16 weeks
• C)greater than 16 weeks but fewer than or equal to 24 weeks
• D)greater than 24 weeks

---

Definitions:

Fixed Assets

Fixed Assets are long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not expected to be converted to cash within a year.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the operating cycle of a business, whichever is longer.

Intangible Assets

Non-physical assets that have value, such as patents, trademarks, and copyrights, known for their long-term benefits to a company.

Gain on Sale

The profit recognized when an asset is sold for more than its carrying amount.