arts. A part requires 3 minutes in milling and 6 minutes in finishing. The move time between the two operations for a complete batch is 7 minutes. Inder the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 3 parts and the move time is eliminated. etermine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy 9 ✓ min 54 X min 63 X min Value-added time Non-value-added time Total lead time Walue-added ratio (as a percent) 9 min 673 ✓ min 682 min 1.3 ✓ % 14 X %

arts. A part requires 3 minutes in milling and 6 minutes in finishing. The move time between the two operations for a complete batch is 7 minutes. Inder the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 3 parts and the move time is eliminated. etermine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy 9 ✓ min 54 X min 63 X min Value-added time Non-value-added time Total lead time Walue-added ratio (as a percent) 9 min 673 ✓ min 682 min 1.3 ✓ % 14 X %

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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