Best Ink produces printers for personal computers. The following information is available for production of a recent order of 500 printers. Process time 16 hours Inspection time 3 hours 11 hours 20 hours Move time Wait time 1. Compute cycle time. 2. Compute cycle efficiency. 3. Management believes it can reduce inspection time by 2 hours and wait time by 8 hours by adopting lean manufacturing techniques. Compute cycle efficiency assuming the predictions are correct. Complete this question by entering your answers in the tabs bellow. Required 1 Required 2 Required 3 Compute cycle time. Cycle Time Time Inspection time hours Move time hours Process time Wait time Cycle time hours hours hours

Best Ink produces printers for personal computers. The following information is available for production of a recent order of 500 printers. Process time 16 hours Inspection time 3 hours 11 hours 20 hours Move time Wait time 1. Compute cycle time. 2. Compute cycle efficiency. 3. Management believes it can reduce inspection time by 2 hours and wait time by 8 hours by adopting lean manufacturing techniques. Compute cycle efficiency assuming the predictions are correct. Complete this question by entering your answers in the tabs bellow. Required 1 Required 2 Required 3 Compute cycle time. Cycle Time Time Inspection time hours Move time hours Process time Wait time Cycle time hours hours hours

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 5E: Reduce setup time Vernon Inc. has analyzed the setup time on its computer-controlled lathe. The...

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Oakwood Company produces maple bookcases. The following information is available for the production of a recent order of 500 bookcases. Process time Inspection time Move time Wait time 1. Compute cycle time. 2. Compute cycle efficiency. 19 days 1 day 4 days 17 days 3. Management believes it can reduce move time by 1 day and wait time by 2 days by adopting lean manufacturing techniques. Compute cycle efficiency assuming the predictions are correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cycle time. Inspection time Move time Process time Wait time Cycle time Cycle Time Required 3 Time 0
Best Ink produces printers for personal computers. The following information is available for production of a recent order of 500 printers. Process time 16.0 hours Inspection time 3.5 hours Move time 9.0 hours Wait time 21.5 hours 1. Compute the company’s manufacturing cycle time. 2. Compute the company’s manufacturing cycle efficiency. 3. Assume the company wishes to increase its manufacturing cycle efficiency to 0.80. If process time is unchanged, what is the maximum number of hours of non-value-added time the company can have and meet this goal?
Reduce setup time Vernon Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 140 minutes, consisting of the following steps: a. Why should management be concerned about improving setup time? b. What do you recommend to Vernon Inc. for improving setup time? c. How much time would be required for a setup, using your suggestion in (b)?
Bienestar, Inc., implemented cellular manufacturing as recommended by a consultant. The production flow improved dramatically. However, the company was still faced with the competitive need to improve its cycle time so that the production rate is one bottle every four minutes (15 bottles per hour). The cell structure is shown below; the times above the process represent the time required to process one unit. Required: 1. How many units can the cell produce per hour (on a continuous running basis)? 2. How long does it take the cell to produce one unit, assuming the cell is producing on a continuous basis? 3. What must happen so that the cell can produce one bottle every four minutes or 15 per hour, assuming the cell produces on a continuous basis?
The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C $83,087.40 $73,001.40 322,364.00 276,958.00 486,676.00 Estimated average income $45,130.96 Average investment Oa. Machine B Ob. Machine C Oc. Machine A Od. Machines B and C have the same preferred average rate of return.
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Answer the following questions using the Answer Report and the Sensitivity Report on thefollowing page. Support your answers with explanations and the work showed.Your run a company that produces three electrical products – clocks, radios, and toasters. You are asked to figure out how many of each of these things should be produced, and the computer solution (answer report and sensitivity report generated in Microsoft Excel) is given on the next page. 1.) How many of each of the electronic appliances should you make? (Make sure your answer makes sense.)2.) How much will you end up profiting?3.) Which of the constraints are binding? What does the slack for each non-binding constraint represent?
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Colby Company makes cases for cell phones of all sizes and types for sale through specialty retailers. The company makes a standard model for the most recent iPhone as well as a deluxe model. Management has designed an ABC system with the following activity cost pools and activity rates for these models: Activity Cost Pool Activity Rates Supporting manufacturing $ 2 per direct labour-hour Order processing $ 12 per order Customer service $ 53 per customer Management would like an analysis of the profitability of a particular customer, Cell City, which has ordered the following products over the last 12 months: Standard Model Deluxe Model Number of cases 120 20 Number of orders 5 2 Direct labour-hours per case 0.25 0.40 Selling price per case $ 32 $ 52 Direct materials cost per case $ 9 $ 12 The company’s direct labour rate is $12 per hour. Required: Using the company’s ABC system, compute the customer margin…
The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C Estimated average income $48,288.80 $77,802.90 $72,428.85 Average investment 344,920.00 259,343.00 482,859.00 a. Machine B b. Machine C C. Machine A d. Machines B and C have the same preferred average rate of return.
Directions: Answer the following questions by the due date. Use numerical calculations (if needed) to support your argument. Submit your answers through uploading a Microsoft Word file, Excel file or PDF. Tread-Force Fitness, Inc. assembles and sells elliptical machines. All activity costs are related to labor. Management must remove $2.00 of activity cost from the product in order for it to remain competitive. Activity-based product information for each elliptical machine is as follows: (Hrs per unit) Activity Activity Based Usage x Activity rate / hr = Activity Cost Moving 0.20 $15 $3.00 Motor Assembly 1.50 $20 $30.00 Final Assembly…
A month later, management estimate that if Aqua Marine implements the ERP sys a. $435,000 in software costs ERP system c. $105,000 for employee training The team estimates that the ERP system should provide several benefits: a. More efficient order processing should lead to savings of $105,000. b. Streamlining the manufacturing process so that it maps into the ERP system will cre- ate savings of $125,000. limie c. Integrating purchasing, production, marketing, and distribution into a single system will allow Aqua Marine to reduce inventories, saving $225,000. d. Higher customer satisfaction should increase sales, which, in turn, should increase profits by $155,000.