8The following data are average times per order over the last month.Wait time to start productionInspection time16.2 days1.8daysProcess time2.7daysMove time2.6daysQueue time8.2daysThe manufacturing cycle efficiency (MCE) would be closest to:А.29%.В.82%.С.46%.D.18%.Е.None of the above

Manufacturing cycle efficiency is calculated using the proportion of time spent on proportion for…

8 The following data are average times per order over the last month. Wait time to start production 16.2 days Inspection time 1.8 days Process time 2.7 days Move time 2.6 days Queue time 8.2 days The manufacturing cycle efficiency (MCE) would be closest to: А. 29%. В. 82%. С. 46%. D. 18%. Е. None of the above

8 The following data are average times per order over the last month. Wait time to start production 16.2 days Inspection time 1.8 days Process time 2.7 days Move time 2.6 days Queue time 8.2 days The manufacturing cycle efficiency (MCE) would be closest to: А. 29%. В. 82%. С. 46%. D. 18%. Е. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If the standard to produce a given amount of product is 600 direct labour hours at £15 and the actual was 600 hours at £17, the rate variance was: a. £1,200 unfavourable b. £1,200 favourablec. £1,500 unfavourable d. £1,500 favourable
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3. A product's standard cost card includes the following: 3 hours of labour at £10 per hour = £30 In March, the company used 27,000 hours at a cost of £285,000 in order to produce 8,500 units. What was the labour rate variance? (a) £15,000 A (b) £30,000 A £45,000 A (d) £15,000 F
Inspection time 0.4 days Wait time (from order to start of production) 16.8 days Process time 2.8 days Move time 1.1 days Queue time 4.3 days 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. 3. What percentage of the throughput time was spent in non–value-added activities? 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE?
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Question 4.
Required information [The following information applies to the questions displayed below.] On January 1, 2024, the Excel Delivery Company purchased a delivery van for $36,000. At the end of its five-year service life, it is estimated that the van will be worth $3,000. During the five-year period, the company expects to drive the van 110,000 miles. Required: Calculate annual depreciation for the five-year life of the van using each of the following methods. 1. Straight line. Straight-line per year