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Concept Introduction:
Manufacturing Cycle Time − The Manufacturing Cycle Time is the time duration of manufacturing a product. It is the conversion of a raw material into finished products.
Requirement 1:
The Manufacturing Cycle Time for a Manufacturer
Concept Introduction:
Value added Time − The Value added Time is the process time required for a product to get a specific feature or the value in that particular time of manufacturing.
Requirement 2:
The Value added Time for a manufacturer.
Concept Introduction:
Non-Value added Time − The Non-Value added Time is the period of manufacturing cycle which comprises of Wait time, Inspection time, Move time and the Queue time. It means, the value in process of manufacturing are not been added. And, the time duration which the non-value added time is taking is a period after the manufacture of a product or services had been done.
Requirement 3:
The Non-Value added Time for a manufacturer.
Concept Introduction:
Manufacturing cycle efficiency − The Manufacturing cycle efficiency is the time period required in manufacturing of products which has a value once it has attain the final output version.
Requirement 4:
The Manufacturing Cycle Efficiency for a Manufacturing Company.
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Chapter D Solutions
Fundamental Accounting Principles
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