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Exercise 18-38 (Algo) Manufacturing Cycle Time and Efficiency (LO 18-6) Canfield Components produces machine parts. The average times for its largest volume product (in hours)

Exercise 18-38 (Algo) Manufacturing Cycle Time and Efficiency (LO 18-6) Canfield Components produces machine parts. The average times for its largest volume product (in hours) follow: Required: Calculate the manufacturing cycle efficiency. Note: Do not round intermediate calculations. Round your final answer to the nearest whole percent

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