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Thanks Exercise 12-3 (Algo) Measures of Internal Business Process Performance [LO12-3] Management of Mittel Company would like to reduce the amount of time between when
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Exercise 12-3 (Algo) Measures of Internal Business Process Performance [LO12-3] Management of Mittel Company would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Required: 1. Compute the throughput time. Note: Round your answer to 1 decimal place. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. Note: Round your percentage answer to nearest whole percent. 3. What percentage of the throughput time was spent in non-value-added activities? Note: Round your percentage answer to nearest whole percent. 4. Compute the delivery cycle time. Note: Round your intermediate calculations and final answer to 1 decimal place. 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal placeStep by Step Solution
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