Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth, which has developed a number of measures of manufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 32%. When last calculated, Waymouth's MCE was 27%.

Key measures from the recent month's production, averaged over all the jobs during that period, are as follows:

WameUth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth, which has developed a number of measures ofmanufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MICE) ofabout 32%. When last calculated, Waymouth's MCE was 27%. Key measures from the recent months production, averaged over all thejobs during that period, are as follows: Average Time Activity (hours) New product development 14.9 Materials handling Order setup Machine maintenance Order scheduling 2 . Inspection of completed order Pack and move to storage or ship Manufacturing assembly Order taking and checking Receiving and stocking raw materials Inspection of raw materials at start of production a H 9 H H H H a M H m m m m m m m m m m Required: Determine the manufacturing cycle efciency (MICE) forthe recent month. [Round your answer to 1 decimal place {i.e. .123 = 12.3961.)