Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently...
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Accounting
| Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently conducted a study to determine the average number of days spent in each activity of the production process. The following table summarizes her findings: |
| Production Activity | Number of Days | ||
| Inspecting materials | 3 | ||
| Storing materials | 17 | ||
| Moving materials into production | 3 | ||
| Setting up production equipment | 2 | ||
| Cutting materials | 6 | ||
| Bending materials | 5 | ||
| Assembling finished products | 9 | ||
| Painting finished products | 5 | ||
| c. | Calculate Castner's total cycle time. |
| Total cycle time | ???days |
| d. | Determine Castner's manufacturing efficiency ratio. (Omit the "%" sign in your response.) |
| Manufacturing efficiency ratio | ???? % |
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