Response to the following questions:
1. Describe the relations among the income statement, the man ufacturing statement, and a detailed listing of factory overhead costs.
2. Define and describe cycle time and identify the components of cycle time.
3. Explain the difference between value-added time and nonvalue-added time.
4. Define and describe cycle efficiency.
5. Can management of a company such as Research In Motion use cycle time and cycle efficiency as useful mea sures of performance? Explain.