Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time. • Process time: This is the time required for conversion of raw materials into finished goods. • Move time: The time during which an order moves from one workstation to the next. • Inspection time: The time spent in examining a product to confirm quality standards. • Queue time: The waiting time for a job in front of workstations before being processed. Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process. To Calculate: Requirement 1: Manufacturing Cycle Time

Question

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Answer 1

Question

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

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Given the following information how much raw material was transferred to work in progress on March 31? Inventory on March 1 is $420,000, raw materials purchased in March are $735,000, and raw materials inventory on March 31 is $185,000. A: $890,000 B: $970,000 C: $780,000 D: $955,000

I am trying to find the accurate solution to this general accounting problem with the correct explanation.

General accounting

Answer 2

Question

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

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Answer 3

Question

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

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Answer 4

Question

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

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Answer 5

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

Answer 6

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

Answer 7

Chapter 24, Problem 17E

To determine

Introduction:

Manufacturing Cycle Time (MCT): Manufacturing cycle time refers to the time required in converting raw material into finished goods. It is the sum of Process time, Move time, Inspection time, and Queue time.

• Process time: This is the time required for conversion of raw materials into finished goods.

• Move time: The time during which an order moves from one workstation to the next.

• Inspection time: The time spent in examining a product to confirm quality standards.

• Queue time: The waiting time for a job in front of workstations before being processed.

Manufacturing cycle efficiency (MCE): It is the percentage of the time spent in value added activities during manufacturing process.

To Calculate:

Requirement 1: Manufacturing Cycle Time

Answer 8

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Time = 50 hrs

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 16 + 9 + 3.5 + 21.5 = 50 h o u r s \end{array}$

Answer 13

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

Answer 14

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Answer 15

Expert Solution

Answer to Problem 17E

Solution:

Manufacturing Cycle Efficiency = 32%

Answer 16

Expert Solution

Answer 17

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{16}{50} = 0.32 = 32 % \end{array}$

Answer 20

Conclusion

The company is spending 32% of its manufacturing cycle time in value added activities and rest 68% in no-value added activities.

Answer 21

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$

Answer 22

To determine

Requirement 3: Increasing Manufacturing Cycle Efficiency (MCE)

Answer 23

Expert Solution

Answer to Problem 17E

Solution:

The Manufacturing Cycle Efficiency can be increased to 0.8 either by increasing the process time in the given manufacturing cycle time or by decreasing the manufacturing cycle time with the given process time. Both of this option will result in decreasing the non-value added activities time.

Answer 24

Expert Solution

Answer 25

Expert Solution

Answer 26

Expert Solution

Answer 27

Explanation of Solution

$M C E = \frac{P r o c e s s T i m e}{M a n u f a c t u r i n g c y c l e t i m e}$

If manufacturing cycle time is same i.e; 50 hours; then the process time should be

$\begin{array}{l} P r o c e s s t i m e = M C E X M a n u f a c t u r i n g C y c l e t i m e \\ = 0.8 X 50 \\ = 40 h r s \end{array}$

If process time is same i.e; 16 hours; then the manufacturing cycle time should be

$\begin{array}{l} M a n u f a c t u r i n g C y c l e T i m e = \frac{P r o c e s s T i m e}{M C E} \\ = \frac{16}{0.8} / \\ = 20 h o u r s \end{array}$