Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company. Lead Time = Value added time + Non-value added Time Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay. Value added activities: The value added activities are the activities which add to the value of a product. Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product. To Calculate: The time M reached home after visiting the doctor.

Question

Want to see the full answer?

Answer 1

Question

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Huxtable charges manufacturing overhead to product by using a predetermined application rate

How do contingent assets differ from provisions? a) Recognition timing remains the same b) Both types follow identical rules c) Probable inflows need different recognition criteria than outflows d) Measurement approaches never vary

What is answer

Answer 2

Question

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 6

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

Answer 7

Chapter 26, Problem 3ADM

a)

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

Answer 8

b)

To determine

To Calculate: The total non-value added time spent by M.

Answer 9

b)

To determine

To Calculate: The total non-value added time spent by M.

Answer 10

c)

To determine

To Calculate: The value added ratio (rounded to one place).

Answer 11

c)

To determine

To Calculate: The value added ratio (rounded to one place).

Answer 12

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 13

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 26 - Prob. 1DQ Ch. 26 - Prob. 2DQ Ch. 26 - Why is a product-oriented layout preferred by lean...Ch. 26 - Prob. 4DQ Ch. 26 - Prob. 5DQ Ch. 26 - Why would a lean manufacturer strive to produce...Ch. 26 - Prob. 7DQ Ch. 26 - Prob. 8DQ Ch. 26 - Prob. 9DQ Ch. 26 - Why is the direct labor cost category eliminated...

Solution Summary: The author calculates the time at which M reaches home after visiting the doctor.

Concept explainers

To Calculate: The total non-value added time spent by M.

To Calculate: The value added ratio (rounded to one place).

To Explain: The reasons the doctors requiring the long wait of the patients.

Want to see the full answer?

Chapter 26 Solutions