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Management of a T-shirt manufacturer believes if the company applies lean principles, then cycle efficiency...

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Accounting

Management of a T-shirt manufacturer believes if the company applies lean principles, then cycle efficiency can be improved. The following are estimated completion times for different activities in the manufacturing process.
\table[[Activity,Traditional,Lean],[Cutting and sewing processing,24 minutes,24 minutes],[Wait time before moving to ironing,6 minutes,3 minutes],[Moving shirts to ironing,8 minutes,4 minutes],[Ironing shirts,8 minutes,8 minutes],[Wait time before moving to packaging,3 minutes,2 minutes],[Moving shirts to packaging,1 minutes,1 minutes],[Packaging shirts,14 minutes,14 minutes],[Quality inspection,16 minutes,8 minutes]]
Compute cycle efficiency for the (a) traditional approach and (b) lean approach.
Note: Round your answers to 2 decimal places.
\table[[Activity,Traditional,Lean],[Cycle efficiency,dotsdotsdotsdotsdotsdotsdotsdotsdots,]
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