Anderson Company makes a product that experiences the following activities (and times):

Hours Processing (two departments) 30 Inspecting 2 Rework 5 Moving (three moves) 8 Waiting (for the second process) 24 Storage (before delivery to customer) 31 Required:
1. Compute the MCE for this product.
2. Discuss how process value analysis can help improve this efficiency measure.
3. Is this a lag or a lead measure? If lag, what would be some lead measures that would affect this measure? lop4