Business, 18.12.2019 01:31 tilacohen

Flint fabricators inc. machines metal parts for the automotive industry. under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. parts are produced in batch sizes of 30 parts. a part requires 5 minutes in milling and 7 minutes in finishing. the move time between the two operations for a complete batch is 5 minutes.

under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. the operating time is unchanged; however, the batch size is reduced to 4 parts and the move time is eliminated.

determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. if required, round percentages to one decimal place.

traditional philosophy lean manufacturing philosophy
value-added time 12min 12min
non-value-added time min min
total lead time 365min 48min
value-added ratio (as a percent) % %

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:30

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Answers: 1

Answer

Business, 22.06.2019 05:20

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Answers: 3

Answer

Business, 22.06.2019 11:00

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Answers: 2

Answer

Business, 22.06.2019 12:30

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Answers: 2

Answer

You know the right answer?

Flint fabricators inc. machines metal parts for the automotive industry. under the traditional manuf...

Questions