X Corp conducted a study about the mfg of its product and provides the following data: Time from receipts of order till start of production process time Inspection time move time Queue time What is the mfg cycle efficiency? 50% ● 38.89% • 80% 61.11% O.None of the above In days 8 22 4 2 8

X Corp conducted a study about the mfg of its product and provides the following data: Time from receipts of order till start of production process time Inspection time move time Queue time What is the mfg cycle efficiency? 50% ● 38.89% • 80% 61.11% O.None of the above In days 8 22 4 2 8

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter8: Time Series Analysis And_forecasting

Section: Chapter Questions

Problem 14P: The following time series shows the sales of a particular product over the past 12...

See similar textbooks

Related questions

Q: Record the journal entries for the 2 listed events below. 1. On June 13, 2022, Best Buy issued…

A: Introduction: Journals: Journals also called as Book of prime records. All the business transactions…

Q: Suppose that $17,000 is deposited in an account and the balance increases to $19.554.05 after 2…

A: computation of interest under continuous compounding :- A = P ert where P = initial investment r =…

Q: The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally…

A: Introduction:- Depreciation is a non cash expenses. Depreciation is charged on fixed asset over a…

Q: How would sales salaries be classified for a manufacturing company? Group of answer choices product…

A: Product costs are those expenses directly associated with creating a good or service that will be…

Q: For some of money to double itself in 5 years, what must be the rate of interest converted…

A: Compound Interest FormulaA = P 1 + rnntwhere,A = Final AmountP = Prinicipal Amountr =interest raten…

Q: Required: 1. Translate Swoboda's financial statements into U.S. dollars in accordance with U.S. GAAP…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: On January 1 of its first month of business, Bags Bunny, Inc., paid $74,000 for six months rent…

A: Lets understand the basics. Adjustment entry is need to pass to record correct amount of revenue and…

Q: Entries for equity investments: less than 20% ownership On February 22, Triangle Corporation…

A: Equity investing is the purchase of shares directly from businesses or other investors with the goal…

Q: ABC Corporation is experiencing difficulty in paying its bills and is considering filing for…

A: Secured creditors co. Praises of fallowing Both wages and taxes payable

Q: Q1. Create an income statement in good form for the company based on the information given below:…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…

A: Partnership means where the two or more partners agrees to do the business jointly and share the…

Q: Find the replacement time for a machine purchased at an amount of $45.000, the data of which are…

A: Here discuss about the details of the replacement time which are incurred to the machine which are…

Q: There are various types of auditors who have a variety of skills to conduct audits that are…

A: Auditors are the individuals who verify the company’s financial accounts, and plans and prepare…

Q: Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from…

A: The balance sheet is an important financial statement from the three financial statements. The…

Q: basis in his partnership interest

A: Answer (a) $0 According to IRS, no gain or loss is recognized by partners or partnership firm at the…

Q: The number of production units that could have been completed within a given accounting period,…

A: Equivalent units of production - This is the computation of competed units by converting uncompleted…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Manufacturing cost per unit can be calculated by dividing the total fixed manufacturing cost by the…

Q: 4. Find the compound amount and interest on P360,000 for 8 years and 6 months at 10% compounded…

A: Compound Amount = P x (1 + r)^n Interest = Compound Amount - Principal

Q: On January 15, Ross Furniture, Inc., accepts a $5,000, 180-day, 10 percent note from a customer at…

A: Introduction: Journals: 1 ) Journals are book of prime records. 2 ) All the business transactions…

Q: The company expects to charge customers an average of $8.60 per car washed. Required: Prepare a…

A: A Budget is a financial and / or quantitative statement, prepared prior to a defined period of time,…

Q: What is the journal entry to record a sale of a completed job for $10,000 with terms of n/60. Group…

A: Job Order: The job ad, also known as the requisition, is referred to as the job order. Once a…

Q: Answer All the Questions Question - 1: "The development of accounting and financial reporting is…

A: Answer:-1 Accounting and financial reporting development should be associated with technology…

Q: Using the augmented matrix obtained from the previous number, perform Gaussian elimination (Upper…

A: Interest on principal amount :- Principal amount * rate of interest * time From the give…

Q: You are required to prepare a trial balance for Alina, a sole proprietorship as at 31st December…

A: Trial Balance :— It is the list of Debit and Credit balances of All Ledger Accounts. Capital,…

Q: Relative valuation has several disadvantages. Which of the following is NOT? a. There is the…

A: In the context of the given question, we are required to find out the correct option from the…

Q: GMA corporation is preparing to issue common stock. The Chief Financial Officer is attempting to…

A: Introduction:- Cost of equity is the cost of raising capital from the origin of equity. The…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: The manufacturing costs of a company include direct material, direct labor, and manufacturing…

Q: If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round…

A: In accounting fixed costs remain fixed only within the relevant range of production. When the…

Q: Kegler Bowling buys scorekeeping equipment with an invoice cost of $185,000. The electrical work…

A: The equipment cost includes all those expenses that are incurred to make the equipment ready to use.…

Q: A certain sum of money is invested at 2 years at 12% compounded quarterly. If the sum is P43,000,…

A: Present value is equivalent value of money that is today of the future money to be received based on…

Q: 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base…

A: Trend percent is a technique of financial statement analysis. Under this, we find out the changes in…

Q: 8 9 10 11 12 13 14 Dividends payable salary expense Cash Cash Ordinary Share Capital cash Cash…

A: Answer:- Computation of net cash flow from operating activities:- Cash flow from operating…

Q: Fujita, Incorporated, has no debt outstanding and a total market value of $369,600. Earnings before…

A: EPS (Earnings per share) which states how much amount of money business makes for every share as…

Q: Use the information provided below to calculate the number of units of Product Tex that must be…

A: Production Budget is prepared by the Business Entity to estimate the required goods need to meet the…

Q: Required: 1. Prepare a schedule that discloses the firm's total cash collections for January through…

A: Cash collection Budget :- The schedule of expected cash collections is a component of the master…

Q: this is a compound interest problem. do this typewritten, please. I will upvote. thank you. no…

A: Calculation of compound interest which can be incurred in many form like compounded in monthly…

Q: ABC Company reported total cash and cash equivalents of P6,831,250 on December 31, 2020, which…

A: Cash and cash equivalents are the liquid current assets which are the most used ones and are shown…

Q: 1 2 3 4 5 6 Clark Logan made cash investment in his business. An office equipment was bought on…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: Paddle Away Corporation produces and sells one model of stand up paddle board (SUP). They have…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: The Dorilane Company produces a set of wood patio furniture consisting of a table and four customer…

A: Cost is classified into two categories: Fixed: It is the cost that remains same as a whole but…

Q: Lukaku's Bakery is a local bakery that operates in Kuwait. Their controller is trying to determine…

A: A.1. Using High-low method, Variable Cost per unit = Highest Activity Cost-Lowest Activity…

Q: Description on the importance of audit in an organisation. Discussion on the purpose of the…

A: Audit- Audit is the process of verifying and inspecting all books of accounts made by the…

Q: Hint: Use the relation (Beg. Accounts Payable + Purchases on Credit - Payments on Accounts Payable =…

A: Merchandise purchase budget is prepared by the Business Entity to provide for the estimated…

Q: List Price Trade Discount Rate Trade Discount $282.00 25% Net Price

A: Discount means the reduction in the amount to be paid on purchase of something. It could be cash…

Q: Problem 1 Bird's Eye Treehouses, Inc., a Kentucky company, has determined that a majority of its…

A: Answer:- Here the NPV is positive and higher, Bird's Eye Treehouses, Inc., should be adopted the…

Q: If the selling price per unit is $50, the variable expense per unit is $20, and total fixed expenses…

A: The breakeven sales in dollars are $433,333.

Q: langy, Inc. produces and sells salsa, based on an award-winning family recipe. As part of its annual…

A: Fixed Cost refers to the costs, which remain fixed in the total amount with increases or decreases…

Q: 1 2 3 4 5 6 7 Clark Logan made cash investment in his business. An office equipment was bought on…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: Study the information provided below and calculate the expected value of closing inventory as at 31…

A: The cost of goods sold includes the total cost of goods that are sold during the period. Cost of…

Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…

A: Amount realized from non cash assets means total amount received on sale of assets except cash and…

Question

What is the mfg cycle efficiency?

X Corp conducted a study about the
mfg of its product and provides the
following data:
Time from receipts of order till start of production
process time
Inspection time
move time
Queue time
What is the mfg cycle efficiency?
• 50%
O.38.89%
80%
• 61.11%
●
None of the above
In days
8
22
4
2
8

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 : Working notes

VIEW

Step 2 : Calculation of manufacturing cycle efficiency

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

SanaMolp management reports that its average delivery cycle time is 20.0 days; its average throughput time is 7.5 days; its manufacturing cycle efficiency is 0.32; its average move time is 0.2 day; and its average queue time is 4.0 days: a. What is the wait time? b. What is the process time? c. What is the inspection time? Answer with solution pls
DGT Corporation's management keeps track of the time it takes to process orders. During themost recent month, the following average times (days) were recorded per order: Wait time 13.9Inspection time 0.4Process time 3.2Move time 0.7Queue time 2.8 Required:a. Compute the throughput time. b. Compute the manufacturing cycle efficiency (MCE).c. What percentage of the production time is spent in non-value-added activities? d. Compute the delivery cycle time.
Compute (a) cycle time, (b) value-added time, (c) non-value-added time, and (d) cycle efficiency using the following information for a manufacturer. Process time. 2.10 days Move time. 0.75 days Inspection time. 0.50 days Wait time. 0.15 days
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 Wait time . . . . . . . . . . . . 17.0 Inspection time . . . . . . . . 0.4 Process time . . . . . . . . . .2.0 Move time . . . . . . . . . . . .0.6 Queue time . . . . . . . . . . .5.0 Goods are shipped as soon as production is completed. Required: Compute the throughput time. Compute the manufacturing cycle efficiency (MCE). What percentage of the production time is spent in non-value-added activities? Compute the delivery cycle time.
MCE Craig, Inc., has provided the following information for one of its products for each hour of production: Actual velocity: 200 units (per hour) Move time: 11 minutes Inspection time: 12 minutes Rework time: 12 minutes 1. MCE is 0.42 2. What is the theoretical cycle time? Calculate MCE using actual and theoretical cycle times. If required, round your answers to two decimal places. Theoretical cycle time fill in the blank minutes Actual cycle time 0.3 minutes MCE fill in the blank
Calculate the profitability of the following proposal using Average rate return (ARR) methodProposal IAutomatic machine Cost OMR 320000Estimated life4.5 yearsEstimated sales P.A 220000Cost : Material OMR 60000 Labour OMR 22000 Variable overheads OMR14000 a.16.53% b.3.19% c.4.62% d.All the options are wrong
The following computer printout was generated, using regression, for use in estimating maintenance costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square 0.9025 Activity variable machine hours An estimate of maintenance costs at an activity level of 100 machine hours would be:
Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on receiving orders and receiving cost. Now suppose that Tracy has gathered 2 more months of data: Note: For the following requirements, round the intercept terms to the nearest dollar, round the variable rates to the nearest cent, and R2 to two decimal places. Required: 1. Run two regressions using a computer spreadsheet program such as Excel. First, use the method of least squares on the first 10 months of data. Then, use the method of least squares on all 12 months of data. Write down the results for the intercept, slope, and R2 for each regression. Compare the results. 2. CONCEPTUAL CONNECTION Prepare a scattergraph using all 12 months of data. Do any points appear to be outliers? Suppose Tracy has learned that the factory suffered severe storm damage during Month 11 that required extensive repairs to the receiving areaincluding major repairs on a forklift. These expenses, included in Month 11 receiving costs, are not expected to recur. What step might Tracy, using her judgment, take to amend the results from the method of least squares? 3. CONCEPTUAL CONNECTION Rerun the method of least squares, using all the data except for Month 11. (You should now have 11 months of data.) Prepare a cost formula for receiving based on these results, and calculate the predicted receiving cost for a month with 1,450 receiving orders. Discuss the results from this regression versus those from the regression for 12 months of data.
(Appendix 11A) Manufacturing Cycle Efficiency Ventris Company found that one of its manufacturing cells had actual cycle time of 15 minutes per unit. The theoretical cycle time for this cell was 9 minutes per unit. Required: 1. Calculate the amount of processing time per unit and the amount of nonprocessing time per unit. 2. Calculate the MCE.
Calculate the profitability of the following proposal using Average rate of return (ARR) methodProposal I Automatic machine Cost OMR 420000Estimated life 6.5 yearsEstimated sales P.A OMR 175000Cost : Material OMR 60000Labour OMR 22000Variable overheads OMR 14000 a. 16.53% b. All the options are wrong c. 3.42% d. 4.62%
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: Inspection time 0.4 days Wait time (from order to start of production) 16.5 days Process time 2.8 days Move time 0.7 days Queue time 3.7 days Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non–value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (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? (Do not round intermediate…
Consider the following information: What is the manufacturing cycle efficiency for one unit? Transporting the product 4.0 hours Storing inventory 3.5 hours Inspecting the product 0.5 hours Manufacturing the product 8.0 hours Multiple Choice None of these. 50% 45% 40% 55%