Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 37%. When last calculated, Waymouths MCE was 34%. Key measures from the recent months production, averaged over all the jobs during that period, are as follows: Activity Average Time (hours) New product development 28.0 Materials handling 1.5 Order setup 5.5 Machine maintenance 2.5 Order scheduling 14.0 Inspection of completed order 2.0 Pack and move to storage or ship 0.5 Manufacturing assembly 2.0 Order taking and checking 1.5 Receiving and stocking raw materials 2.0 Inspection of raw materials at start of production 1.0

Required: Determine the manufacturing cycle efficiency (MCE) for the recent month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Effective Auditing For Corporates Ensuring That All The Risks Are Covered

Authors: Bloomsbury, Joe Oringel

1st Edition

1849300445, 978-1849300445

More Books

Students also viewed these Accounting questions