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Problem - Lead Time - The Swift Mountain Ski Company manufactures skis in the finishing and assembly process. Skis are manufactured in 30-ski batch sizes. The finishing time is 14 minutes per ski. The assembly time is 10 minutes per ski. It takes 8 minutes to move a batch of skis from finishing to assembly.
Required -
a. Compute the value-added, non-value-added, and total lead time of this process.
b. Compute the value-added ratio. Round to one decimal place.
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