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Exercise 12-3(Algo) Measures of Internal Business Process Performance [LO12-3] Management of Mittel Company wants...

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Accounting

Exercise 12-3(Algo) Measures of Internal Business Process Performance [LO12-3]
Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. It provided the following data for a recent quarter:
Inspection time 0.4 day
Wait time (from order to start of production)15.7 days
Process time 3.1 days
Move time 0.5 day
Queue time 4.3 days
Required:
Compute the throughput time.
Note: Round your answer to 1 decimal place.
Compute the manufacturing cycle efficiency (MCE) for the quarter.
Note: Round your percentage answer to nearest whole percent.
What percentage of the throughput time was spent in nonvalue-added activities?
Note: Round your percentage answer to nearest whole percent.
Compute the delivery cycle time.
Note: Round your intermediate calculations and final answer to 1 decimal place.
If using Lean Production eliminates all queue time, what will be the new MCE?
Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place.

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