Compute Lead TimeIsaacson Dental Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizesare 50 units. The process time for each step is as follows:6 minutes12 minutes9 minutes3 minutesProcess Step 1Process Step 2Process Step 3Process Step 4The time required to move each batch between steps is 6 minutes. In addition, the time to move raw materials to Process Step 1 is also 6 minutes, and the time to movecompleted units from Process Step 4 to finished goods inventory is 6 minutes.The new lean layout will allow the company to reduce the batch sizes from 50 units to 2 units. The time required to move each batch between steps and the inventorylocations will be reduced to 1 minute. The processing time in each step will stay the same.Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (a) present and (b) proposed production approaches. Ifrequired, round percentages to one decimal place.Present Approach Proposed ApproachValue-added timeNon-value-added timeTotal lead timeValue-added ratio (as a percent)minminmin%minminmin%

Value-added activities are those activities that form an integral part of the operational processes…

Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (a) present and (b) proposed production approaches. If required, round percentages to one decimal place. Present Approach Proposed Approach Value-added time Non-value-added time Total lead time Value-added ratio (as a percent) min min min % min min min %

Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the (a) present and (b) proposed production approaches. If required, round percentages to one decimal place. Present Approach Proposed Approach Value-added time Non-value-added time Total lead time Value-added ratio (as a percent) min min min % min min min %

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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