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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information
for the machine whose limited capacity is prohibiting the company from producing and selling additional units.
Actual run time this week
Machine time available per week
6,880 minutes
8,600 minutes
6.39 units per minute
9.00 units per minute
13,528 units
15,200 units
Actual run rate this week
Ideal run rate
Defect-free output this week
Total output this week (including defects)
Required:
1. Compute the utilization rate. (Round your answer to 2 decimal places.)
2. Compute the efficiency rate. (Round your answer to 2 decimal places.)
3. Compute the quality rate. (Round your answer to 2 decimal places.)
4. Compute the overall equipment effectiveness (OEE). (Do not round intermediate calculations. Round your final answer to 3
decimal places.)
Utilization rate
Efficiency rate
Quality rate
Overall equipment effectiveness
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