Company manufacturing effeciency ratio, Accounting Basics

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Company manufacturing effeciency ratio

A corporation is trying to determine how long it takes for oneproduct to pass through the production process. The following information was gathered regarding how many days the product spent in various production activites:

Activity Number of days

Inspection.......................................... 5
Storage.............................................. 6
Assemby............................................ 3
Handling............................................. 2
Painting.............................................. 3
Packing............................................... 1

Question:

Determine the company's manufacturing effeciencyratio.

If the company implements a total quality managemnetprogram and a just-in-time system, which of the above activitiescould be eliminated? What would be the change in the company's manufacturing effeciency ratio?

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Accounting Basics: Company manufacturing effeciency ratio

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Accounting Basics: Company manufacturing effeciency ratio

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Recent Questions Asked Accounting Basics

Q : Explain decision to sell units of same part to another

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company manufacturing effeciency ratio

Reference No:- TGS0554753

Recent Questions Asked Accounting Basics

Q : Explain decision to sell units of same part to another

Q : Prepare the journal entry to record the impairment

Q : Increasing revenue to make the ad campaign attractive

Q : Consider non-financial aspects as well as changes in account

Q : Company manufacturing effeciency ratio

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Q : Find ending inventory-cost of goods sold if lifo method used

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