output produced. Exercise 10-38 Performance Measures for Production and Delivery. Altoona Precision Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an automated environment. Labor is insignificant in terms of the total cost of production and tends to be fixed, material quality is con- sidered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, production and delivery performance mea- sures have been chosen to evaluate performance. The following information is con- sidered typical of the time involved to complete and ship orders. Waiting time: From order being placed to start of production From start of production to completion. Inspection time Processing time Move time. 10.0 days 5.0 days 1.5 days 3.0 days 2.5 days REQUIRED: 1. What is the manufacturing cycle efficiency? 2. What is the delivery cycle time? (CMA, adapted)