Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronicsproducts and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth,which has developed a number of measures of manufacturing speed. Waymouth has studied the matter and found that competitivecontract manufacturers have manufacturing cycle times (MCE) of about 31%. When last calculated, Waymouth's MCE was 26%.Key measures from the recent month's production, averaged over all the jobs during that period, are as follows:ActivityNew product developmentMaterials handling.Order setupMachine maintenanceOrder schedulingInspection of completed orderPack and move to storage or shipManufacturing assemblyOrder taking and checkingReceiving and stocking raw materialsInspection of raw materials at start of productionManufacturing cycle efficiency (MCE)Average Time(hours)12.02.51.52.0%10.00.51.56.01.0Required:Determine the manufacturing cycle efficiency (MCE) for the recent month. (Round your answer to 1 decimal place (i.e. .123 = 12.3%).)1.53.0

Manufacturing Cycle Efficiency is the proportion of production time spent on value-added activities.

Answered: Waymouth Manufacturing operates a…

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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