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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
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 Machine time available per week 4,900 minutes 7,000 minutes Actual run rate this week 3.8 units per minute Ideal run rate Defect-free output this week Total output this week (including defects) Required: 4.0 units per minute 15,827 units 18,620 units 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.) Answer is complete but not entirely correct. Utilization rate 70.00 Efficiency rate 95.00 Quality rate 85.00 Overall equipment effectiveness 56.530
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