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wreaths from the cutting and assembly process to the decorating process. a.  Compute the value-added, non-value-added, and total lead times of the wreath process. Line Item Description Answer minutes Value-added lead time fill in the blank 1 minutes Non-value-added lead time:         Move time fill in the blank 2       Within-batch wait time fill in the blank 3   Total lead time fill in the blank 4 minutes b.  Compute the value-added ratio. Round to one decimal place. fill in the blank 1 of 1%

wreaths from the cutting and assembly process to the decorating process. a.  Compute the value-added, non-value-added, and total lead times of the wreath process. Line Item Description Answer minutes Value-added lead time fill in the blank 1 minutes Non-value-added lead time:         Move time fill in the blank 2       Within-batch wait time fill in the blank 3   Total lead time fill in the blank 4 minutes b.  Compute the value-added ratio. Round to one decimal place. fill in the blank 1 of 1%

FINANCIAL ACCOUNTING
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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Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process.

a.  Compute the value-added, non-value-added, and total lead times of the wreath process.

Line Item Description Answer minutes
Value-added lead time fill in the blank 1 minutes
Non-value-added lead time:    
    Move time fill in the blank 2  
    Within-batch wait time fill in the blank 3  
Total lead time fill in the blank 4 minutes

b.  Compute the value-added ratio. Round to one decimal place.
fill in the blank 1 of 1%

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