EXERCISE 11-3 Measures of Internal Business Process Performance (L03) Lipex, Ltd., of Birmingham, England, is interested in cutting the amount of time between when a customer places an order and when the order is completed. For the first quarter of the year, the following data were reported: Inspection time. Process time. Wait time.. Queue time Move time. 0.5 days 2.8 days 16.0 days 4.0 days 0.7 days Required: 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. 3. What percentage of the throughput time was spent in non-value-added activities? 4. Compute the delivery cycle time. 5. If by using Lean Production all queue time can be eliminated in production, what will be the new MCE