1.
Introduction: Throughput time is the total time required for the completion of a process. For instance, the time required to manufacture machinery from the beginning till its end is the throughput time. The throughput time comprises process time, inspection time, move time, and queue time. Wait time is not a part of throughput time.
The throughput time.
2.
Introduction: The manufacturing cycle refers to the amount of time in the manufacturing process that is spent on enriching or improving the product. It is the time taken by an organization to convert raw material into finished goods. Manufacturing cycle time includes material movement time, loading time, idle waiting time, machining and assembly time, inspection time, and so on.
The manufacturing cycle efficiency for the given quarter.
3.
Introduction: Throughput time is the elapsed time from the time of inception of the production process till the goods are dispatched to the customer. The throughput time is made up of four elements. It is the total of process time, inspection time, move time, and queue time.
The percentage of throughput time spent in activities that are non-value added.
4.
Introduction: Delivery cycle time is the total time required to produce as well as deliver the product to the customers. The elapsed time from the procurement of a client order until the final product is dispatched is the delivery cycle time.
The delivery cycle time.
5.
Introduction: The manufacturing cycle refers to the amount of time in the manufacturing process that is spent on enriching or improving the product. It is the time taken by an organization in order to convert raw material into finished goods. Manufacturing cycle time includes material movement time, loading time, idle waiting time, machining and assembly time, inspection time, and so on.
The new MCE if by using Lean Production the queue time of production is eliminated.
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Chapter 12 Solutions
MANAGERIAL ACCOUNTING FOR MANAGERS
- Subject: financial accountingarrow_forwardGarrison's Finishing Department started the month with 15,000 units in its beginning work in process inventory. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Finishing Department. There were 30,000 units in the ending work in process inventory, which were 50% complete with respect to conversion costs. What are the equivalent units for conversion costs in the Finishing Department for the month? I want answerarrow_forwardSolve this financial accounting problemarrow_forward
- Complete the attached table and explain with the below info - also calculate the missing values - FlagStaff Ltd has a defined benefit pension plan for its employees. The company is considering introducing a defined benefit contribution plan, which will be available to all incoming staff. Although the defined benefit plan is now closed to new staff, the fund is active for all employees who have tenure with the company. In 2020, the following actuarial report was received for the defined benefit plan: 2020/$ Present value of the defined benefit obligation 31 December 2019 18 000 000 Past Service Cost 4 000 000 Net interest ? Current service cost 600 000 Benefits paid 2 000 000 Actuarial gain/loss on DBO ? Present value of the defined benefit obligation 31 December 2020 21 000 000 Fair value of plan assets at 31 December 2019 17 000 000 Return on plan assets ? Contributions paid to the plan during the year 1 500 000 Benefits paid by the plan during the year 2 000…arrow_forwardGive me Answerarrow_forwardCompute the stated interest rate and the effective interest rate Prepare the journal entries for the following years: I. 2011, 2012 & 2018arrow_forward
- Garrison's Finishing Department started the month with 15,000 units in its beginning work in process inventory. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Finishing Department. There were 30,000 units in the ending work in process inventory, which were 50% complete with respect to conversion costs. What are the equivalent units for conversion costs in the Finishing Department for the month? Need answerarrow_forwardthe initial cost is??arrow_forwardA company has a net income of $4,250,000. It also has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 18.5. What is the market value per share of this company's stock? a. $2,850.00 b. $3.45 c. $0.50 d. $130.98 e. $22,750arrow_forward
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