Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently conducted a study to determine the average number of days spent in cach activity of the production process. The following table summarizes her findings. Production Activity Number of Days Inspecting materials Storing materials 15 Moving materials into production Setting up production equipment 3 Cutting materials 6. 4 Bending materials Assembling finished products Painting finished products Instructions a. Identify Castner's value-added production activities. b. Identify Castner's non-value-added production activities. с. Calculate Castner's total cycle time.
Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently conducted a study to determine the average number of days spent in cach activity of the production process. The following table summarizes her findings. Production Activity Number of Days Inspecting materials Storing materials 15 Moving materials into production Setting up production equipment 3 Cutting materials 6. 4 Bending materials Assembling finished products Painting finished products Instructions a. Identify Castner's value-added production activities. b. Identify Castner's non-value-added production activities. с. Calculate Castner's total cycle time.
Chapter1: Financial Statements And Business Decisions
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