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Compute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under...

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Accounting

Compute Lead Time
Jackson 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 40 parts. A part requires 6 minutes in milling and 8 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 5 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.
\table[[,Traditional Philosophy,Lean Manufacturing Philosophy,],[Value-added time,xmin,min,],[Non-value-added time,min,min,min],[Total lead time,%,%,%
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