Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hayden Manufacturing evaluates the performance of its production managers based on a variety of factors, including cost, quality, and cycle time. The following are nonfinancial

image text in transcribed

Hayden Manufacturing evaluates the performance of its production managers based on a variety of factors, including cost, quality, and cycle time. The following are nonfinancial measures for quality and time for 2016 and 2017 for its only product: E (Click the icon to view the nonfinancial measures and annual totals.) The following information relates to the average amount of time needed to complete an order: E: (Click the icon to view the time to complete an order.) Read the requirements Requirement 1. Compute the manufacturing cycle efficiency for an order for 2016 and 2017. (Round the answer to two decimal places.) The manufacturing cycle efficiency for an order for 2016 is The manufacturing cycle efficiency for an order for 2017 is 2016 Requirement 2. For each year 2016 and 2017, calculate the a percentage of goods returned, b. defective units reworked as a percentage of units shipped, c. percentage of on-time deliveries, and d. percentage of hours spent by each employee on quality training. (Round the percentages to two decimal Start by calculating the percentage of good returned for 2016 and 2017 Non-financial quality measure 2017 a. Percentage of goods returned % b. Defective units reworked as a percentage of units shipped c. Percentage of on-time deliveries % d. Percentage of hours spent by each employee on quality training % % % % % % Requirement 3. Evaluate management's performance on quality and timeliness in 2016 and 2017 Hayden has become efficient in its value-added manufacturing time as a percentage of manufacturing cycle time. The company improved the company's lead time. This efficiency will result in for the company as well as customer satisfaction. Management has had a(n) in the total number of defective units reworked, which is a over the prior year. Also, the company spent amount of time per employee on quality training, leading to Data table Data table 2016 2017 Nonfinancial Quality Measures Number of returned goods Time to Complete an Order 2016 2017 775 1,040 1,540 Wait time 2.300 19 14 Number of defective units reworked Annual hours spent on quality training per employee Number of units delivered on time 39 49 11 9 24.820 28,360 From customer placing order to order being received by production From order received by production to machine being set up for production Inspection time Process time Move time 7 6 2016 2017 12 12 Annual Totals Units of finished goods shipped Average total hours worked per employee 31,400 32,200 7 7 Time Remaining: 01:54:34 2,200 2,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting, The Financial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136505279, 9780136505273

More Books

Students also viewed these Accounting questions