Extreme Wreaths, Inc., makes wreaths In batch sizes of 15 at a time. decorating process time is 7 minutes per wreath. It takes 5 minutes t decorating process. The cutting and assembly process takes 10 minutes per wreath, and the a move the wreaths from the cutting and assembly process to the In an effort to improve the lead time, the company has tried reducing the batch size to 10 units. The new process is as follows: assembly process cutting and 8 minutes. The decorating process is still 7 minutes per wreath. It takes 5 minutes to move the wreaths from the cutting and assembly process to the decorating process. a. Compute the value-added, non-value-added, and the total lead times of the wreath process for both the old and new manufacturing processes. Old process New process Value-added lead time min. min. Non-value-added lead time: Move time Within-batch wait time Total lead time min. min. Hm D |U|UU U b. Compute the value-added ratio for both the old and new processes. Round to one decimal place. Old process ' New process Valuesdded Rat... 1:} % [:01 O