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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
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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Flint Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 75 parts. 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. Under 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. Determine 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 ✓ min ✔ min Value-added time Non-value-added time Total lead time Value-added ratio (as a percent) 9 673 682 1.3 ✓ min ✓ % 9 min 54 X min 63 X min 14 X %
Transcribed Image Text:Flint Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 75 parts. 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. Under 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. Determine 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 ✓ min ✔ min Value-added time Non-value-added time Total lead time Value-added ratio (as a percent) 9 673 682 1.3 ✓ min ✓ % 9 min 54 X min 63 X min 14 X %
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