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Ninong Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order:
Days
Wait Time 15.6
Inspection Time 0.8
Process Time 1.6
Move Time 0.7
Queue Time 3.9
Required:
Question 1. Compute the throughput time.
Question 2. Compute the manufacturing cycle efficiency (MCE).
Question 3. What percentage of the production time is spent in non-value-added activities?
Question 4. Compute the delivery cycle time.
A company has net sales of $861,000 and cost of goods sold of $571,000. Its net income is $102,900. The company's gross margin and operating expenses, respectively, are:
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