Oakwood Company produces maple bookcases. The following information is available for the production of a recent order of 500bookcases.Process timeInspection timeMove timeWait time1. Compute cycle time.2. Compute cycle efficiency.19 days1 day4 days17 days3. Management believes it can reduce move time by 1 day and wait time by 2 days by adopting lean manufacturing techniques.Compute cycle efficiency assuming the predictions are correct.Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute cycle time.Inspection timeMove timeProcess timeWait timeCycle timeCycle TimeRequired 3Time0< RequiredRequired 2 >

Company performance refers to the judgment of the ability of the employees, efficiency of work done…

Answered: Process time Inspection time Move time…

Process time Inspection time Move time Walt time 19 days 1 day 4 days 17 days 1. Compute cycle time. 2. Compute cycle efficiency. 3. Management believes it can reduce move time by 1 day and wait time

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

Oakwood Company produces maple bookcases. The following information is available for the production of a recent order of 500
bookcases.
Process time
Inspection time
Move time
Wait time
1. Compute cycle time.
2. Compute cycle efficiency.
19 days
1 day
4 days
17 days
3. Management believes it can reduce move time by 1 day and wait time by 2 days by adopting lean manufacturing techniques.
Compute cycle efficiency assuming the predictions are correct.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute cycle time.
Inspection time
Move time
Process time
Wait time
Cycle time
Cycle Time
Required 3
Time
0
< Required
Required 2 >

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Please do not give solution in image format thanku
Just need efficiency rate and overall equipment effectiveness
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?
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Please do not give solution in image format thanku