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Ruiz Foods makes energy bars using a traditional manufacturing process. Raw materials are stored in inventory and then moved into production. Work in process inventory is moved across the company's three separate departments. The information below in the Traditional column is available for a recent order. If the company adopts lean manufacturing, management believes both move time and wait time can be reduced, as shown in the Lean column. Activity Traditional Process time Inspection time 24 hours Lean 24 hours 4 hours 4 hours Move time 6 hours 3 hours Wait time 2 hours 1 hour Required: 1. Compute the total amount of non-value-added time under the traditional manufacturing process. 2. Compute cycle efficiency under the traditional manufacturing process. Note: Round your answer to 2 decimal places. 3. Compute the total amount of non-value-added time under the proposed lean manufacturing process. 4. Compute cycle efficiency under the proposed lean manufacturing process. Note: Round your answer to 2 decimal places. 5. Would the proposed lean approach improve cycle efficiency? 1. Traditional approach non-value-added time 2. Traditional approach cycle efficiency 3. Lean approach non-value-added time 10 hours 73.68 7 hours 4. Lean approach manufacturing cycle efficiency 5. Would the proposed lean approach improve cycle efficiency? Yes 80.00

Ruiz Foods makes energy bars using a traditional manufacturing process. Raw materials are stored in inventory and then moved into production. Work in process inventory is moved across the company's three separate departments. The information below in the Traditional column is available for a recent order. If the company adopts lean manufacturing, management believes both move time and wait time can be reduced, as shown in the Lean column. Activity Traditional Process time Inspection time 24 hours Lean 24 hours 4 hours 4 hours Move time 6 hours 3 hours Wait time 2 hours 1 hour Required: 1. Compute the total amount of non-value-added time under the traditional manufacturing process. 2. Compute cycle efficiency under the traditional manufacturing process. Note: Round your answer to 2 decimal places. 3. Compute the total amount of non-value-added time under the proposed lean manufacturing process. 4. Compute cycle efficiency under the proposed lean manufacturing process. Note: Round your answer to 2 decimal places. 5. Would the proposed lean approach improve cycle efficiency? 1. Traditional approach non-value-added time 2. Traditional approach cycle efficiency 3. Lean approach non-value-added time 10 hours 73.68 7 hours 4. Lean approach manufacturing cycle efficiency 5. Would the proposed lean approach improve cycle efficiency? Yes 80.00

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10EA: For each of the activities listed, choose the manufacturing concept that applies: (i) just-in-time...
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Ruiz Foods makes energy bars using a traditional manufacturing process. Raw materials are stored in inventory and then moved into production. Work in process inventory is moved across the company's three separate departments. The information below in the Traditional column is available for a recent order. If the company adopts lean manufacturing, management believes both move time and wait time can be reduced, as shown in the Lean column. Activity Traditional Process time Inspection time 24 hours Lean 24 hours 4 hours 4 hours Move time 6 hours 3 hours Wait time 2 hours 1 hour Required: 1. Compute the total amount of non-value-added time under the traditional manufacturing process. 2. Compute cycle efficiency under the traditional manufacturing process. Note: Round your answer to 2 decimal places. 3. Compute the total amount of non-value-added time under the proposed lean manufacturing process. 4. Compute cycle efficiency under the proposed lean manufacturing process. Note: Round your answer to 2 decimal places. 5. Would the proposed lean approach improve cycle efficiency? 1. Traditional approach non-value-added time 2. Traditional approach cycle efficiency 3. Lean approach non-value-added time 10 hours 73.68 7 hours 4. Lean approach manufacturing cycle efficiency 5. Would the proposed lean approach improve cycle efficiency? Yes 80.00
Transcribed Image Text:Ruiz Foods makes energy bars using a traditional manufacturing process. Raw materials are stored in inventory and then moved into production. Work in process inventory is moved across the company's three separate departments. The information below in the Traditional column is available for a recent order. If the company adopts lean manufacturing, management believes both move time and wait time can be reduced, as shown in the Lean column. Activity Traditional Process time Inspection time 24 hours Lean 24 hours 4 hours 4 hours Move time 6 hours 3 hours Wait time 2 hours 1 hour Required: 1. Compute the total amount of non-value-added time under the traditional manufacturing process. 2. Compute cycle efficiency under the traditional manufacturing process. Note: Round your answer to 2 decimal places. 3. Compute the total amount of non-value-added time under the proposed lean manufacturing process. 4. Compute cycle efficiency under the proposed lean manufacturing process. Note: Round your answer to 2 decimal places. 5. Would the proposed lean approach improve cycle efficiency? 1. Traditional approach non-value-added time 2. Traditional approach cycle efficiency 3. Lean approach non-value-added time 10 hours 73.68 7 hours 4. Lean approach manufacturing cycle efficiency 5. Would the proposed lean approach improve cycle efficiency? Yes 80.00
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