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Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a varlety of electronics products and components to consumer goods manufacturers

Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a varlety 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 sudied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 34%. 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:
\table[[Activity,\table[[Average Time],[(hours)]]],[New product development,14.0],[Materials handling,0.5],[Order setup,2.0],[Machine maintenance,2.5],[Order scheduling,9.0],[Inspection of completed order,1.0],[Pack and move to storage or ship,1.0],[Manufacturing assembly,8.0],[Order taking and checking,1.5],[Receiving and stocking raw materials,2.0],[Inspection of raw materials at start of production,0.5]]
Required:
1. Determine the manufacturing cycle efficiency (MCE) for the recent month. (Round your answer to 1 decimal place (i.e..123=12.3%).)
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