Reference no: EM132930270

Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an automated environment. Labor for this company is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete customer orders.

From time order is placed to time order received by manufacturing 48.0days

From time order is received by manufacturing to time production begins 24.0days

Inspection time 11.0days

Process (manufacturing) time 22.0days

Move time 4.0days

Problem 1: What is the production (manufacturing) lead time for this order?

Multiple Choice

Option 1: -95 days.
Option 2: -45 days.
Option 3: -94 days.
Option 4: -46 days.