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

Q: advantages of financial accounting

A: Answer are as follows

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Q: Main objective of financial accounting

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Q: What is the key component of the definition of accounting

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