Arms and Armour's new operations manager has redesigned the process to make the Beowulf sword. With the new process it takes 10 hours for each Beowulf to be made. Using the old Beowulf process, it took 16 hours to make a sword. The process makes one swords each hour, on average, and each Beowulf sword is worth $1,500. How much has the WIP been reduced? Reduction in WIP
Arms and Armour's new operations manager has redesigned the process to make the Beowulf sword. With the new process it takes 10 hours for each Beowulf to be made. Using the old Beowulf process, it took 16 hours to make a sword. The process makes one swords each hour, on average, and each Beowulf sword is worth $1,500. How much has the WIP been reduced? Reduction in WIP
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Arms and Armour's new operations manager has redesigned the process to make the Beowulf sword. With the new process it
takes 10 hours for each Beowulf to be made. Using the old Beowulf process, it took 16 hours to make a sword. The process makes one
swords each hour, on average, and each Beowulf sword is worth $1,500.
How much has the WIP been reduced?
Reduction in WIP
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