I. Lean Concepts Match the following lean concepts with the appropriate description. II. Lead Time Analysis The
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I. Lean Concepts Match the following lean concepts with the appropriate description.
II. Lead Time Analysis The Helping Hands Company manufactures designer gloves. Gloves are manufactured in 50-glove batch sizes, and cut and assembled by the company’s workforce. The cutting time is 4 minutes per glove. The assembly time is 6 minutes per glove. It takes 12 minutes to move a batch of gloves from cutting to assembly.
a. For this process, compute (1) the value-added lead time, (2) the non-value-added lead time, and (3) the total lead time.
b. Compute the value-added ratio. Round to one decimal place.
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Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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