Connect Access Card For Fundamental Accounting Principles
24th Edition
ISBN: 9781260158526
Author: John J Wild
Publisher: McGraw-Hill Education
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Question
Chapter D, Problem 8E
To determine
Manufacturing Cycle Time:
The time taken from ordering raw material inventory to putting it in manufacturing production process to producing the finished goods . this can be categorized into following components as below
- Process Time : The actual time taken in processes where the raw material is converted into finished goods . This is also called value added activity which can be reduced by using various techniques like kaizen which is continuous improvement technique
- Inspection Time : The time taken for inspection of quality of raw material , work in process at different process end and finished goods . This is part of non value added activity
- Move Time : The time taken for movement of raw material and work in process goods and people between different process . This is part of non value added activity
- Wait time : The time taken between getting the production order and ordering the raw material inventory and actual arrival at production floor and during the process . This is part of non value added activity
The formula to calculate manufacturing cycle time is given below
Expert Solution & Answer
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Check out a sample textbook solutionChapter D Solutions
Connect Access Card For Fundamental Accounting Principles
Ch. D - Prob. 1DQCh. D - Prob. 2DQCh. D - Prob. 3DQCh. D - Prob. 4DQCh. D - Prob. 5DQCh. D - Prob. 6DQCh. D - Prob. 7DQCh. D - Prob. 8DQCh. D - Prob. 9DQCh. D - Prob. 10DQ
Ch. D - Prob. 11DQCh. D - Prob. 12DQCh. D - Prob. 13DQCh. D - Prob. 1QSCh. D - Prob. 2QSCh. D - Prob. 3QSCh. D - Prob. 4QSCh. D - Prob. 5QSCh. D - Prob. 6QSCh. D - Prob. 7QSCh. D - Prob. 8QSCh. D - Prob. 9QSCh. D - Prob. 10QSCh. D - Prob. 11QSCh. D - Prob. 12QSCh. D - Prob. 13QSCh. D - Prob. 1ECh. D - Prob. 2ECh. D - Prob. 3ECh. D - Prob. 4ECh. D - Prob. 5ECh. D - Prob. 6ECh. D - Exercise D-7 Cycle time and cycle efficiency...Ch. D - Prob. 8ECh. D - Prob. 9ECh. D - Prob. 10ECh. D - Prob. 11ECh. D - Prob. 12ECh. D - Prob. 13ECh. D - Prob. 14ECh. D - Prob. 1PCh. D - Prob. 3P
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