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Exercise 9-16 Manufacturing cycle time and efficiency LO A4 Oakwood Company produces maple bookcases to customer order. It received an order from a customer to produce 5,000 bookcases. The following information is available for the production of the bookcases Process time Inspection time Move time Wait time 6.0 days 2.0 days 4.6 days 120 days Required: 1. Compute the company's manufacturing cycle time. (Round your answers to 1 decimal place.) Manufacturing cycle time Time Manufacturing cycle time 0.0 Compute the company's manufacturing cycle efficiency (Round your answers to 1 decimal place.) Choose Numerator: Manufacturing Cycle Efficiency Choose Denominator: - Manufacturing cycle efficiency Manufacturing cycle efficiency 0 Oakwood believes it can reduce move time by 11 days and wait time by 25 days by adopting lean manufacturing techniques Compute the company's manufacturing cycle efficiency assuming the company's predictions are correct Choose Numerator: Manufacturing Cycle Efficiency Choose Denominator: - Manufacturing cycle efficiency Manufacturing cycle efficiency