1.
The utilization rate is the performance indicator that is used to make plans and determine the success of the company. It is used by manufacturing companies. The utilization rate of equipment can be increased by avoiding machine breakdowns and reducing the average setup times.
:
The utilization rate.
2.
The efficiency rate is the performance indicator that is used to make plans and determine the success of the company. It is used by manufacturing companies. The efficiency rate of equipment can be increased by avoiding minor work stoppages and properly training operators to maintain the machine regularly.
:
The efficiency rate.
3.
The quality rate is used by the company in order to determine the percentage of manufacturing time that is truly productive or defect-free. The quality rate of equipment can be improved by minimizing the number of defective units manufactured as a percent of the total units manufactured.
:
The quality rate.
4.
The overall equipment effectiveness includes utilization rate, efficiency rate, and quality rate. In the other words, the overall equipment effectiveness is used to measure the productivity of equipment in terms of quality, efficiency, and utilization.
:
The overall equipment effectiveness (OEE).
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Chapter 12 Solutions
MANAGERIAL ACCOUNTING-EBOOK ACCESS
- Help pleasearrow_forwardPlease provide problem with accounting questionarrow_forwardJuan Leon Martinez posted Apr 7, 2025 11:25 AM Subscribe Hello everyone, Esteban is not performing in a professional manner in this scene. In fact, he is showing extreme unprofessional manners and unethical work ethic. Under no circumstance should he be using a company's tools or assets for his own benefit. You can also see he is trying not to get caught by any upper management due to him doing these actions after hours of work. As a manager, a great change I would do differently to make sure Esteban is not using the company's assets for their own benefit, would be coachings and sit down conversations. A sit down conversation can have the employee get an idea on how bad his actions are towards the company. This disciplinary of a coaching would be a written down statement from both manager and employee stating that he or she understands the actions they have done, which could lead to suspension or possibly termination. These unethical actions could lead to a great deal of financial loss…arrow_forward
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