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Concept Introduction:
Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.
Requirement-1:
To Calculate:
The total amount of non value added time under the traditional process
Concept Introduction:
Process costing system:
Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.
Requirement-2:
To Calculate:
Cycle efficiency under the traditional process
Concept Introduction:
Process costing system:
Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.
Requirement-3:
To Calculate:
The total amount of non value added time under the Lean process
Concept Introduction:
Process costing system:
Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.
Requirement-4:
To Calculate:
Cycle efficiency under the Lean process
Concept Introduction:
Process costing system:
Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.
Requirement-5:
To Indicate:
If the proposed lean process will improve the cycle efficiency
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