Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 6E
See similar textbooks
icon
Related questions
Question

Can you please check my wo

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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS