Management of a T-shirt manufacturer believes if the company applies lean principles, then cycle efficiency can be improved. The following are estimated completion times for different activities in the manufacturing process. Activity Cutting and sewing processing Traditional 24 minutes 8 minutes. 10 minutes 10 minutes 4 minutes 2 minutes Packaging shirts 16 minutes. 17 minutes Quality inspection Compute cycle efficiency for the (a) traditional approach and (b) lean approach. (Round your answers to 2 decimal places.) Wait time before moving to ironing Moving shirts to ironing Ironing shirts Wait time before moving to packaging Moving shirts to packaging i Activity Cycle efficiency Traditional Lean minutes. 5 minutes 6 minutes 10 minutes 4 minutes 1 minutes. 16 minutes 8 minutes Lean 24

Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Segments Red $ 1,817 22 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense (92) Income tax expense (savings) 147 Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. 620 145 Blue Green Pink Black White $ 818 $520 $315 $127 $ 105 97 115 0 308 71 385 408 318 172 87 65 93 88 67 22 55 323 98 48 37 68 20 11 (70) 0

Distinguish between Income and Expenditure Account and Receiptand Payment Account.

Define income statement.