Question
Grey Company would like to increase its operational efficiency. For the first quarter of operations during the current year, the following data were reported: Days
Grey Company would like to increase its operational efficiency. For the first quarter of operations during the current year, the following data were reported:
| Days | |
| Inspection time | 2 |
| Process time | 5 |
| Move time | 3 |
| Wait time | 6 |
Required:
| a. | Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round to two decimal places.) |
| b. | If all wait time during production is eliminated using the just-in-time method, what will be the new MCE? (Round to two decimal places.) |
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Financial And Managerial Accounting For School Administrators Tools For School
Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden
1st Edition
1578865816, 978-1578865819
