Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Raoul Silva makes dental prosthetics. He has approximately 40 units of WIP inventory at any point in his steady state process, and it takes


 

Raoul Silva makes dental prosthetics. He has approximately 40 units of WIP inventory at any point in his steady state process, and it takes approximately 145 hours for each unit to flow through the process (he often tells customers that the sky will not fall if they have to wait a bit for his high quality). What is the average time in minutes between each unit produced for his steady state process? Go to at least three decimal places for intermediate steps (so 12.1786 would be rounded as 12179) and one decimal place for your final answer (so 12.1793 would be rounded as 12.2). me between unts (minules)

Step by Step Solution

3.33 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

WIP Arrival Rate Average Time Spent in ... 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

Principles of Finance

Authors: Scott Besley, Eugene F. Brigham

6th edition

9781305178045, 1285429648, 1305178041, 978-1285429649

More Books

Students also viewed these Accounting questions

Question

Identify bond investing situations that could help minimize risk.

Answered: 1 week ago

Question

List the steps in the control process.

Answered: 1 week ago