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 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

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MOH Cost: Top Dog Company has a budget with sales of 7,500 units and$3,400,000. Variable costs are budgeted at $1,850,000, and fixed overhead is budgeted at $970,000. What is the budgeted manufacturing cost per unit? Accounting question

Answer 2

Question

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

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Answer 3

Question

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

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Answer 4

Question

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

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Answer 5

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

Answer 6

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

Answer 7

Chapter 24, Problem 18E

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 18E

Solution:

Manufacturing Cycle Time = 15 days

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 3.2 + 0.8 + 5 = 15 d a y s \end{array}$

Answer 13

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

Answer 14

To determine

Requirement 2: Manufacturing Cycle Efficiency (MCE)

Answer 15

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 40%

Answer 16

Expert Solution

Answer 17

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{15} = 0.4 = 40 % \end{array}$

Answer 20

Conclusion

The company is spending 40% of its manufacturing cycle time in value added activities and rest 60% in no-value added activities.

Answer 21

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$

$\begin{array}{l} M C E = \frac{P r o c e s s t i m e}{M a n u f a c t u r i n g c y c l e t i m e} \\ = \frac{6}{11} = 0.54 = 54 % \end{array}$

Answer 22

To determine

Requirement 3: Manufacturing Cycle Efficiency (MCE) when manufacturing cycle time is reduced

Answer 23

Expert Solution

Answer to Problem 18E

Solution:

Manufacturing Cycle Efficiency = 54%

Answer 24

Expert Solution

Answer 25

Expert Solution

Answer 26

Expert Solution

Answer 27

Explanation of Solution

$\begin{array}{l} M a n u f a c t u r i n g c y c l e t i m e = P r o c e s s t i m e + M o v e t i m e + I n s p e c t i o n t i m e + Q u e u e t i m e \\ = 6 + 2 + 0.8 + 2.2 = 11 d a y s \end{array}$