Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. Itprovided the following data for a recent quarter:Inspection timeWait time (from order to start of production)Process timeMove timeQueue timeRequired:1. Compute the throughput time.Note: Round your answer to 1 decimal place.2. Compute the manufacturing cycle efficiency (MCE) for the quarter.Note: Round your percentage answer to nearest whole percent.1. Throughput time2. Manufacturing cycle efficiency3. Non-value-added throughput time0.3 day15.9 days3.1 days3. What percentage of the throughput time was spent in non-value-added activities?Note: Round your percentage answer to nearest whole percent.4. Compute the delivery cycle time.Note: Round your intermediate calculations and final answer to 1 decimal place.5. If using Lean Production eliminates all queue time, what will be the new MCE?Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place.4. Delivery cycle time5. New manufacturing cycle efficiency0.7 day4.0 daysdays%%days%

Value added time is the time required on activities which will directly contribute to get value…

Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. It provided the following data for a recent quarter: Inspection time. Wait time (from order to start of production) Process time Move time Queue time Required: 1. Compute the throughput time. Note: Round your answer to 1 decimal place. 1. Throughput time 2. Manufacturing cycle efficiency 3. Non-value-added throughput time 4. Delivery cycle time 5. New manufacturing cycle efficiency 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. Note: Round your percentage answer to nearest whole percent. 3. What percentage of the throughput time was spent in non-value-added activities? Note: Round your percentage answer to nearest whole percent. 4. Compute the delivery cycle time. Note: Round your intermediate calculations and final answer to 1 decimal place. 5. If using Lean Production eliminates all queue time, what will be the new MCE? Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place. days % % 0.3 day 15.9 days 3.1 days days % 0.7 day 4.0 days

Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. It provided the following data for a recent quarter: Inspection time. Wait time (from order to start of production) Process time Move time Queue time Required: 1. Compute the throughput time. Note: Round your answer to 1 decimal place. 1. Throughput time 2. Manufacturing cycle efficiency 3. Non-value-added throughput time 4. Delivery cycle time 5. New manufacturing cycle efficiency 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. Note: Round your percentage answer to nearest whole percent. 3. What percentage of the throughput time was spent in non-value-added activities? Note: Round your percentage answer to nearest whole percent. 4. Compute the delivery cycle time. Note: Round your intermediate calculations and final answer to 1 decimal place. 5. If using Lean Production eliminates all queue time, what will be the new MCE? Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place. days % % 0.3 day 15.9 days 3.1 days days % 0.7 day 4.0 days

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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Inspection time 0.4 days Wait time (from order to start of production) 16.8 days Process time 2.8 days Move time 1.1 days Queue time 4.3 days 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. 3. What percentage of the throughput time was spent in non–value-added activities? 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE?
Please help with 1a-2a.
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 Wait time before moving to ironing Moving shirts to ironing Ironing shirts Wait time before moving to packaging Moving shirts to packaging Packaging shirts Quality inspection Activity Cycle efficiency Traditional Traditional 22 minutes 9 minutes 11 minutes 11 minutes 4 minutes 2 minutes 17 minutes. 22 minutes Compute cycle efficiency for the (a) traditional approach and (b) lean approach. Note: Round your answers to 2 decimal places. Lean Lean 22 minutes 6 minutes 7 minutes 11 minutes. 5 minutes 3 minutes 17 minutes 7 minutes
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Compute Lead Time Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizes are 45 units. The process time for each step is as follows: Process Step 1 Process Step 2 Process Step 3 Process Step 4 5 minutes 8 minutes 4 minutes The time required to move each batch between steps is 5 minutes. In addition, the time to move raw materials to Process Step 1 is also 5 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 5 minutes. Value-added time 3 minutes The new lean layout will allow the company to reduce the batch sizes from 45 units to 3 units. The time required to move each batch between steps and the inventory locations will be reduced to 2 minutes. The processing time in each step will stay the same. Non-value-added time Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the present and…