A company manufactures hiking shoes. The company received and produced an order for 5,200 pairs of shoes. The following information is available regarding this order: Activity Time (days) Process Time 7.2 days Inspection Time 5.4 days Move Time 4.6 days 8.8 days Wait Time What is the company's Manufacturing Cycle Efficiency (MCE)? A. 24 days B. 27.69% C. 31 days D. 30.26%

A company manufactures hiking shoes. The company received and produced an order for 5,200 pairs of shoes. The following information is available regarding this order: Activity Time (days) Process Time 7.2 days Inspection Time 5.4 days Move Time 4.6 days 8.8 days Wait Time What is the company's Manufacturing Cycle Efficiency (MCE)? A. 24 days B. 27.69% C. 31 days D. 30.26%

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 13E: Eyring Manufacturing produces a component used in its production of washing machines. The time to...

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If Toyota Motor Company receives an order on May 1, begins production on May 19, and ships the order on May 24 immediately following production, then what is the manufacturing cycle efficiency (MCE) ratio? (Enter your answer as a whole number.) Manufacturing cycle efficiency (MCE)atio %
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Use the following information for Brief Exercises 11-23 and 11-24: Theta Company has the following data for one of its manufacturing plants: Maximum units produced in a quarter (3-month period): 400,000 units Actual units produced in a quarter (3-month period): 375,000 units Productive hours in one quarter: 20,000 hours 11-24 (Appendix 11A) Calculating Manufacturing Cycle Efficiency Refer to the information for Theta Company on the previous page. The actual cycle time for Theta Company is 3.2 minutes, and the theoretical cycle time is 3 minutes. Required: 1. Calculate the amount of processing time and the amount of nonprocessing time. 2. Calculate the MCE. (Round to two decimal places.)
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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company's labor standards for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $ 6.40 Standard Cost $ 2.56 During August, 8,530 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $53,739 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,700 Jogging Mates? 2. What is the standard labor cost allowed (SH × SR) to make 19,700 Jogging Mates? 3. What is the labor spending variance? 4. What are the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company incurred $40,944 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5, indicate the effect of each variance by selecting "F" for…