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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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(Appendix 11A) The length of time it takes to produce a unit of output from the time raw materials are received until the good is delivered to finished goods inventory is called

  1. a. velocity.
  2. b. cycle time.
  3. c. manufacturing cycle efficiency.
  4. d. theoretical cycle time.
  5. e. theoretical MCE.

To determine

Describe the process of converting raw materials into finished goods inventory.

Explanation

Cycle Time:

Cycle time is the activity performance measure that calculates the duration of time which is required to manufacture one unit of product.

b.

Cycle time can be defined as the time required manufacturing a unit of output from the starting point of the cycle (receipt of raw materials) to the finishing point (goods are delivered to the inventory of finished goods). Therefore, this option is correct.

a.

Velocity refers to the number of units that are manufactured in the given duration of time. For example, output per hour...

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