Velocity and Cycle Time
Kolby Company takes 36,000 hours to produce 144,000 units of a product.
Required:
What is the velocity? Cycle time?
Calculate the velocity and cycle time.
Cycle Time:
Cycle time is the activity performance measure that calculates the duration of time which is required to manufacture one unit of product.
Velocity refers to the number of units that is manufactured in the given duration of time. For example, output per hour.
Use the following formulae to calculate the velocity:
Substitute 144,000 for units produced and 36,000 for time.
Therefore, the value of velocity is 4 units per hour
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