Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an orderand when the order is shipped. For the first quarter of operations during the current year the following data were reported:Inspection timeWait time (from order to start of production)Process timeMove timeQueue timeRequired:0.6 days17.1 days3.1 days1.2 days4.5 days1. Compute the throughput time. (Round your answer to 1 decimal place.)2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.)3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answer to nearestwhole percent.)4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.)5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Round your percentageanswer to 1 decimal place.)1. Throughput time2. Manufacturing cycle efficiencydays%3. Non-value-added throughput time4. Delivery cycle time%days5. New manufacturing cycle efficiency%

Throughput Time Is The Total Amount Of Time Required That Passes Between The Collection Of Raw…

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time Wait time (from order to start of production) Process time Move time 0.6 days 17.1 days 3.1 days 1 2 days

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time Wait time (from order to start of production) Process time Move time 0.6 days 17.1 days 3.1 days 1 2 days

Cornerstones of Cost Management (Cornerstones Series)

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Chapter4: Activity-based Costing

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

100%

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order
and when the order is shipped. For the first quarter of operations during the current year the following data were reported:
Inspection time
Wait time (from order to start of production)
Process time
Move time
Queue time
Required:
0.6 days
17.1 days
3.1 days
1.2 days
4.5 days
1. Compute the throughput time. (Round your answer to 1 decimal place.)
2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.)
3. What percentage of the throughput time was spent in non-value-added activities? (Round your percentage answer to nearest
whole percent.)
4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.)
5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Round your percentage
answer to 1 decimal place.)
1. Throughput time
2. Manufacturing cycle efficiency
days
%
3. Non-value-added throughput time
4. Delivery cycle time
%
days
5. New manufacturing cycle efficiency
%

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