Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robot Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an

Robot 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 for this company is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete customer orders.

From time order is placed to time order received by manufacturing 36.0 days
From time order is received by manufacturing to time production begins 18.0 days
Inspection time 8.0 days
Process (manufacturing) time 16.0 days
Move time 5.0 days

What is the processing cycle efficiency (PCE) for this order?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

9780077506902, 78025540, 77506901, 978-0078025549

Students also viewed these Accounting questions

Question

Complete the questions in the table below.

Answered: 1 week ago

Question

Define conformity. (p. 350)

Answered: 1 week ago

Question

What is master production scheduling and how is it done?

Answered: 1 week ago