Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oakwood Company produces maple bookcases to customer order. The following information is available for the production of the bookcases Process time Inspection time Move time

image text in transcribed

image text in transcribed

image text in transcribed

Oakwood Company produces maple bookcases to customer order. The following information is available for the production of the bookcases Process time Inspection time Move time Wait time 13.0 days 0.9 days 5.2 days 5.0 days Required 1. Compute the company's manufacturing cycle time 2. Compute the company's manufacturing cycle efficiency 3. Management believes it can reduce move time by 1.10 days and wait time by 2.50 days by adopting lean manufacturing techniques. Compute the company's manufacturing cycle efficiency assuming the company's predictions are correct. Answer is not complete Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Compute the company's manufacturing cycle time. (Round your answers to 1 decimal place.) Manufacturing Cycle Time Time 1 Inspection time Move time Process time Wait time Manufacturing cycle 13.0 days 0.9 days 5.2 days 5.0 days 24.1 days time Required 1 Required 2 > Required 1 Required 2 Required 3 Compute the company's manufacturing cycle efficiency. (Round your answers to 1 decimal place.) Manufacturing Cycle Efficiency | 1 | Choose Denominator:- Manufacturing cycle efficiency Choose Numerator: Manufacturing cycle efficiency KRequired 1 Required 3 > Required 1 Required 2 Required 3 Management believes it can reduce move time by 1.10 days and wait time by 2.50 days by adopting lean manufacturing techniques. Compute the company's manufacturing cycle efficiency assuming the company's predictions are correct. (Round your answers to 1 decimal place.) Manufacturing Cycle Efficiency Choose Denominator:Manufacturing cycle efficiency Choose Numerator: Manufacturing cycle efficiency Required 2 Required3

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

Development Of Accounting And Auditing Systems In China

Authors: Xu-Dong Ji

1st Edition

0415792886, 978-0415792882

More Books

Students also viewed these Accounting questions

Question

Additional Factors Affecting Group Communication?

Answered: 1 week ago