PROBLEM #2Novex Company keeps careful track of the time to complete customer orders. During the most recentquarter, the following average times were recorded for each unit or order:Days. 17.0Wait time.....Inspection time........0.4Process time ..........2.0Move time .....Queue time.....5.0Goods are shipped as soon as production is completed...0.6Required:1. Compute the throughput time.2. Compute the manufacturing cycle efficiency (MCE).3. What percentage of the production time is spent in non-value-added activities?4. Compute the delivery cycle time.

Manufacturing throughput time is the length of time required for a product to move from raw…

PROBLEM #2 Novex Company keeps careful track of the time to complete customer orders. During the most recent quarter, the following average times were recorded for each unit or order: Days 17.0 Inspection time. . . . . . . .0.4 Wait time.... Process time.... .2.0 Move time ..... Queue time..... Goods are shipped as soon as production is completed. ..0.6 .5.0 Required: 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE). 3. What percentage of the production time is spent in non-value-added activities? 4. Compute the delivery cycle time.

PROBLEM #2 Novex Company keeps careful track of the time to complete customer orders. During the most recent quarter, the following average times were recorded for each unit or order: Days 17.0 Inspection time. . . . . . . .0.4 Wait time.... Process time.... .2.0 Move time ..... Queue time..... Goods are shipped as soon as production is completed. ..0.6 .5.0 Required: 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE). 3. What percentage of the production time is spent in non-value-added activities? 4. Compute the delivery cycle time.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 18PROB

See similar textbooks

Similar questions

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time Process time Inspection time Move time Queue time The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 4.5 hours 10.7 hours 23.5 hours Hours 12.8 1.9 0.3 4.5 6.2 25.7 hours
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours 19.3 2.1 1.1 3.0 10.1 Wait time Process time Inspection time Move time Queue time The delivery cycle time was: Multiple Choice 3.0 hours 32.4 hours 13.1 hours 35.6 hours
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 19.6 Process time Inspection time Move time 2.4 1.4 3.3 Queue time 10.4 The throughput time was: Multiple Cholce 371 hours 71 hours 30.0 hours 17.5 hours < Prev 7 of 7 Next 65°F Cloudy e here to search, DELL
Help Save & Exit Submit Schapp Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 3.4 Wait time 11.2 Queue time 7.6 Process time 2.3 Inspection time 1.2 The throughput time was: Multiple Choice 25.7 hours 6.9 hours 18.8 hours
A customer service department has the following resolution response time data: Average Response Time First contact Service scheduling Wait for service Service 0.25 hr. 0.50 hr. 24.00 hrs. 1.50 hrs. 26.25 hrs. Total resolution time What is the value-added ratio (rounded to one decimal place) in this process? Oa. 8.6% Ob. 91.4% Oc. 28.6% Od. 5.7%
レゴ * 00 # Pinkton Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below. 6 27 Queue time Process time Inspection time The delivery cycle time was: (Round your Intermedlate calculatlons to 1 declmal place.) Multiple Cholce 6.5 hours 16.9hours 44.8 hours Prev 1 of 7 < xƏN to search F4 F5 F7 F10 F11 F12 81 Coca ) $4 6. 0 4. 81 7.
Consider the following information: Suppliers’ payment period 40 days Receivables’ collection period 40 days Finished goods holding period 15 days Work – in progress holding period 10 days Raw materials inventory holding period 20 days a) what is the operating cycle? Select one: A. 75 days B. 85 days C. 70 days D. None of the above
QUESTION TWOa) The Chisokone Company located in Chimwemwe manufactures typewriters called AK4 model Z. The company has an average total inventory of K15, 000,000 and places 12,000 orders every year. Order details are as follows:Purchase department expenses……………………………..K400, 000Stores warehouse personnel salary……………………......K400, 000Obsolescence, spoilage, etc…………………………………K120, 000Floor space charge related to stores activities…………….K260, 000Cost of collecting materials…………………………………..K60, 000Cost of receiving materials…………………………………...K70, 000Cost of Inspection……………………………………………..K100, 000Cost of material handling for warehousing activities………K300, 000Cost of bill payment……………………………………………K170, 000Interest…………………………………………………………..11.5%Insurance charges………………………………………………1.9%The company wants to buy a certain component, whose cost is K24 each and the annual requirement is 34,560 units. Calculate the following:i. The cost of placing an order.ii. The cost of carrying inventory as a percentage…
8. Day Mail Order Co. applied the high-low method of cost estimation to customer order data for the first four months of 2020. What is the estimated variable order filing cost component per order? Orders 1,200 1,300 1,800 1,700 Costs Р3,120 3,185 January February March 4,320 3,895 April а. Р2.00 b. P2.42 с. Р2.48 d. P2.50 e. None of these; answer is
Create at least 3 transactions in one month for each specialized journalsi. Sales Journalii. Purchase journaliii. Return inwards journaliv. Return outward journalsv. Cash receipts journalsvi. Cash payment journalvii. General journal
Given the following: 31-day billing cycle 10/5 billing Data Previous Balance $3,300 10/11 Charge $ 320 10/18 Charge $1,240 10/25 Payment $ 400 11/1 Charge $ 630 The average daily balance is:
The following table lists the components needed to assemble an end Item, lead times (In weeks), and quantitles on hand. Amount on Hand Item Lead Time Direct Components End L(2), C(1), K(3) B(2), (3) G(2), B(2) H(4), B(2) 6. C. K. 4. 13 4' 18 33 4 26 4. H. Click here for the Excel Data Fle 6. If 43 units of the end Item are to be assembled, how many additional units of B are needed? (Hint You don't need to develop an MRP plan.) Additional units