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

Want to see more full solutions like this?

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

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

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

please give me true answer accounting question

please give me true answer

Sharon Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Carla Vista Company's six divisions. Sharon made the following presentation to Carla Vista's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,300." The Other Five Divisions Percy Division Total Sales $1,663,000 $100,900 $1,763,900 Cost of goods sold 978,400 76,500 1,054,900 Gross profit 684,600 24,400 709,000 Operating expenses 528,500 49,700 578,200 Net income $156,100 $(25,300 ) $130,800 In the Percy Division, cost of goods sold is $60,100 variable and $16,400 fixed, and operating expenses are $29,100 variable and $20,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Sharon right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding…

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

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

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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

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

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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

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

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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

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