How many minutes per unit would be allowed for the facility

Assignment Help Financial Accounting
Reference no: EM133561127

You are currently working on an improvement project to address the problem that customer demand for widget output is not being met. Your company is growing quickly, customers love your widgets, and you are having trouble keeping up with demand. You will measure the extent of the problem, make improvements, measure again, and repeat improvements and measurements until customer demand is met. Fill out the yellow areas to complete the assignment.

Your first task is to figure out Takt time. Takt time is expressed as production time divided by average customer demand during that production time. You know that the customer wants 1600 widgets per day and the production facility has one 8-hour shift per day. You want to figure out Takt time in minutes per unit so that you can more easily do other calculations to measure the extent of the problem and make improvements. I.e. how many minutes per unit would be allowed for the facility to be able to meet customer demand?

Reference no: EM133561127

Questions Cloud

Find its intrinsic value. it is it over or under valued : Its beta is 1.15, its dividend payout ratio is 14%, and its growth rate is 9%. Its current P/E is 9.0. Is it over or under valued
What will your mobile marketing campaign encompass : What will your mobile marketing campaign encompass? Recommend three to five mobile marketing tactics that you consider to be the most appropriate for
What are the most important factors when choosing : What lodging, duration, and price are most favored by this group? Are they more or less likely to have been to camp vs the total sample? Geography.
Were there any recommendations for practice that you thought : Were there any recommendations for practice that you thought could be implemented in your clinical practice tomorrow? Next week? Next year?
How many minutes per unit would be allowed for the facility : how many minutes per unit would be allowed for the facility to be able to meet customer demand?
Calculate the amount of working capital : Calculate the amount of working capital and the current ratio at December 31, 2022. Assess the company's overall liquidity. Calculate ROI (including margin
Examine the top of the cpu for the brand and model : Examine the top of the CPU for the brand and model and then search the website of the CPU manufacturer. Your CPU is most likely manufactured by Intel
Explain the role of evidence in criminal investigations : Explain the role of evidence in criminal investigations.
Discuss how intercultural barrier affect way you communicate : Discuss how intercultural barriers affect the way you communicate when you encounter people of different cultural backgrounds.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the general partnership

What is the difference between a general partnership and a limited liability company? When might each type of entity be used? Why?

  Why should a company not recognise a profit

Why should a company not recognise a profit when they purchase inventory? Because profit is a function of sales and cost of sales, not purchases

  What is the annual lease payment payable

The entity acquired a specialized packaging machine for P2,300,000. What is the annual lease payment payable in advance

  Prepare the statement of profit or loss for the year

Prepare the Statement of Financial Position as at 28 February 2021 clearly showing Abdul Ghani's opening capital, working capital (net current assets)

  Compare inventory costing method and current gaap standards

For the company IBM compare and contrast the following pronouncements and the current GAAP standards: Inventory costing method (IAS2), Valuation of the property plant and equipment (IAS16) and Fair value measurement standards (IFRS 13)

  Evaluate the likelihood that iasc will someday replace fasb

Discuss which conceptual framework is more coherent or relevant or applicable and explain why. Evaluate the likelihood that IASC will someday replace the FASB.

  Identify statement of cash flows for publicly traded company

Identify the statement of cash flows for a publicly traded company. Identify two items on the statement of cash flows that are important to consider

  What amount should U capital account change

In 2019, the firm sustained a P99,000 loss before interest and salaries to partners. By what amount should U's capital account change?

  Describe key differences between cash and strict accounting

Describe the key differences between cash accounting, strict accrual accounting, and modified accrual accounting. Use an example for each

  Percentage difference between roa and adjusted roa

Compute the percentage difference between ROA and adjusted ROA for 2018 and 2019 and compute adjusted ROA from the drop-down menu options

  Compute the project net present value

Sylvester Pet Foods (SPF) is evaluating a capital budgeting project that costs $760,000. Compute the project net present value

  How much was the HST

Question - A customer paid a total of $8800 for a purchase, including 13% HST (Harmonized Sales Tax). How much was the HST

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd