MGMT 335 HW#3 1. Determine the utilization and the efficiency for each of these situations: (a) A loan operation processes an average of 12 loans per day. The operation has a design capacity of 20 loans per day and an effective capacity of 16 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. Please solve the following problem related to cost-volume analysis 2. A producer of pens has fixed costs of $36,000 per month which are allocated to the operation and variable costs are $1.60 per pen. (a) Find the break-even quantity if pens sell at $2.2 each. (b) Find the profit/loss if the company produces 65,000 pens and pens sell at $2.4 each