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help Exercise 12-5 (Algo) Overall Equipment Effectiveness (L012-3] Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information
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Exercise 12-5 (Algo) Overall Equipment Effectiveness (L012-3] Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week 6,552 minutes Machine time available per week 7,800 minutes Actual run rate this week 6.72 units per minute Ideal run rate 8.00 units per minute Defect-free output this week 15,006 units Total output this week (including defects) 18,300 units Required: 1. Compute the utilization rate. (Round your answer to 2 decimal places.) 2. Compute the efficiency rate. (Round your answer to 2 decimal places.) 3. Compute the quality rate. (Round your answer to 2 decimal places.) 4. Compute the overall equipment effectiveness (OEE) (Do not round intermediate calculations. Round your final answer to 3 decimal places.) Utilization rate Efficiency rate Quality rate Overall equipment effectiveness Step by Step Solution
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