Christmas Express makes wreaths in batch sizes of 18. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 6 minutes per wreath. It takes 4 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time Total lead time minutes b. Compute the value-added ratio. Round to one decimal place.

Christmas Express makes wreaths in batch sizes of 18. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 6 minutes per wreath. It takes 4 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time Total lead time minutes b. Compute the value-added ratio. Round to one decimal place.

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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Christmas Express makes wreaths in batch sizes of 23. The cutting and assembly process takes 4 minutes per wreath, and the decorating process time is 12 minutes per wreath. It takes minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time Non-value-added lead time: Move time Within-batch wait time minutes Total lead time b. Compute the value-added ratio. Round to one decimal place. % minutes
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Christmas Express makes wreaths in batch sizes of 16. The cutting and assembly process takes 3 minutes per wreath, and the decorating process time is 14 minutes per wreath. It takes 6 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and total lead times of the wreath process. Value-added lead time minutes Non-value-added lead time: Move time Within-batch wait time Total lead time minutes b. Compute the value-added ratio. Round to one decimal place.