MANAGERIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259688713
Author: Wild
Publisher: MCG
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Chapter 9, Problem 15QS
To determine
Concept introduction:
Manufacturing Cycle Time: Manufacturing cycle time is the time taken to convert the raw material into finished goods. The formula to calculate the Manufacturing Cycle time is as follows:
Manufacturing Cycle efficiency: Manufacturing cycle efficiency is the ratio between the Process time and Manufacturing cycle time. The formula to calculate the Manufacturing Cycle efficiency is as follows:
To calculate:
The manufacturing cycle time and manufacturing cycle efficiency.
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For a typical order, assume the following times (in hours): storage time (in between processes),5.0; inspection time, 1.0; move time (from process to process), 2.0; and manufacturing (processing) time, 8.0. Given this information, what is the manufacturing cycle efficiency (%), roundedto 1 decimal place (e.g., 45.156% = 45.2%)? (Hint: Refer to Exhibit 14.14 and accompanyingdiscussion.)
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
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Hours
Wait time
18.3
Process time
1.1
Inspection time
0.1
Move time
2.0
Queue time
9.1
The manufacturing cycle efficiency (MCE) was closest to:
Chapter 9 Solutions
MANAGERIAL ACCOUNTING FUND. W/CONNECT
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