Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart: Operations Average Number of Days Receiving materials 4 Storing materials 18 Measuring and cutting materials 13 Handling materials 13 Setting up and moving scaffolding 11 Assembling materials 5 Building fireplace 17 Pegging logs 14 Cutting and framing doors and windows 9 Sealing joints 7 Waiting for county inspectors 11 Inspecting property (county inspectors) 2 a. How much of the total time is value-added time? Answer hours b. How much total time is spent performing non-value-added activities? Answer hours c. Calculate the manufacturing cycle efficiency of the process. Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%). Answer%
Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart: Operations Average Number of Days Receiving materials 4 Storing materials 18 Measuring and cutting materials 13 Handling materials 13 Setting up and moving scaffolding 11 Assembling materials 5 Building fireplace 17 Pegging logs 14 Cutting and framing doors and windows 9 Sealing joints 7 Waiting for county inspectors 11 Inspecting property (county inspectors) 2 a. How much of the total time is value-added time? Answer hours b. How much total time is spent performing non-value-added activities? Answer hours c. Calculate the manufacturing cycle efficiency of the process. Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%). Answer%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Activity analysis; MCE
Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart:
| Operations | Average Number of Days |
|---|---|
| Receiving materials | 4 |
| Storing materials | 18 |
| Measuring and cutting materials | 13 |
| Handling materials | 13 |
| Setting up and moving scaffolding | 11 |
| Assembling materials | 5 |
| Building fireplace | 17 |
| Pegging logs | 14 |
| Cutting and framing doors and windows | 9 |
| Sealing joints | 7 |
| Waiting for county inspectors | 11 |
| Inspecting property (county inspectors) | 2 |
a. How much of the total time is value-added time? Answer hours
b. How much total time is spent performing non-value-added activities? Answer hours
c. Calculate the manufacturing cycle efficiency of the process.
Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%).
Answer%
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