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Grey Company would like to increase its operational efficiency. For the first quarter of operations during the current year, the following data were reported:

Grey Company would like to increase its operational efficiency. For the first quarter of operations during the current year, the following data were reported: Inspection time Process time Move time Wait time Required: Days 2 5 3 6 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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