Hanlon Company has recorded the following data regarding its inventories. To manufacture product MPC1, it...

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Accounting

Hanlon Company has recorded the following data regarding its inventories. To manufacture product MPC1, it takes 4 hours to move raw materials to the work-inprocess area. Transforming the raw materials into finished goods takes three production steps of 3 hours each. The finished goods are then temporarily stored in a storage area for 10 hours. Finally, they are inspected which takes 4 hours. Calculate the processing cycle efficiency for product MPC1.
42.8%
50.0%
33.33%
100%
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