Question

In: Accounting

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time...

Management of Mittel Rhein AG of Köln, Germany, 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) 16.2 days Process time 3.4 days Move time 1.0 days Queue time 3.5 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 calculations. Round your percentage answer to 1 decimal place.)

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time...
Management of Mittel Rhein AG of Köln, Germany, 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) 16.4 days   Process time 3.1 days   Move time 0.7 days   Queue time 3.6 days Required: 1. Compute the throughput time. (Round your answer to...
Your hospital is negotiating with medical insurance providers, who would like to reduce the amount they...
Your hospital is negotiating with medical insurance providers, who would like to reduce the amount they pay as reimbursement for hospital stays. For a particular procedure, they would like to reduce payment by $300 and have patients go home one day earlier. To see what effect this would have on hospital costs, a random sample of 50 patients who were recently admitted for this procedure was analyzed. Had they left one day earlier, the average savings would have been $322.44,...
An Internet retailer would like to investigate the relationship between the amount of time in minutes...
An Internet retailer would like to investigate the relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The table to the right shows the data from a random sample of 12 customers. Construct a 90​% confidence interval for the regression slope. Construct a 90​% confidence interval for the slope. LCL equals nothing and UC Lequals nothing ​(Round to three decimal places as​...
The manager of a door-making company would like to estimate the amount of time it takes...
The manager of a door-making company would like to estimate the amount of time it takes for a piece of wood to be moved, cut, and packaged at two different plants. At Plant A, the manager observed 21 pieces that processed with an average time of 14.2 minutes and standard deviation of 2.6 minutes. At the second plant, the manager observed 19 pieces with an average time of 13.1 minutes with a standard deviation of 1.9 minutes. a. Test whether...
Time management is said to reduce stress. Name and describe some time management techniques that may...
Time management is said to reduce stress. Name and describe some time management techniques that may be used to reduce stress and Identify some of the consequences of job dissatisfaction and Identify and explain some important trends that are leading to an increasingly diverse workplace and Identify and describe the four properties of emotions.
3. FBA would like to explore the studying time of its students. Management suspects that the...
3. FBA would like to explore the studying time of its students. Management suspects that the mean studying time is less than 48 hours. A random sample of 10 FBA students contains the following observations, in hours, for time spent studying in the week before final examinations: 28 57 42 35 61 39 55 46 49 38 a. At 5% significance level, state the decision rule for the hypotheses. b. Calculate the value of the test statistic. c. Based on...
Four ways to reduce the lead time in the management of supply chain.
Four ways to reduce the lead time in the management of supply chain.
Can something like Brexit happen in France or Germany? Why would that be less likely?
Can something like Brexit happen in France or Germany? Why would that be less likely?
Management of AG Travel and Tour has identified two groups of individuals that would be interested...
Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and Tour is...
Management of AG Travel and Tour has identified two groups of individuals that would be interested...
Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and Tour is...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT