What is the reduction in work-in-process value

Assignment Help Operation Management

Reference no: EM133230466

Question: A firm has redesigned its production process so that it now takes 6 hours for a unit to be made. Using the old process, it took 11 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,800, what is the reduction in work-in-process value?

Reference no: EM133230466

Questions Cloud

How would you expect consumer behavior trends to change : Prices Marketing Discussion - How would you expect consumer behavior trends to change over the next year if inflation continues? Why

Share responsibility for the current obesity epidemic : Do you believe that fast-food restaurants should share responsibility for the current obesity epidemic? Why?

Build the team a project charter : Build the team a project charter - Pick one of these, state what it is and means, then explain why you think that it is important

Traditional explanation of enlightenment ideologies : The most powerful economic power of the day finally brought together the three big ideas behind the modern company: that it could be an "artificial person," wit

What is the reduction in work-in-process value : MNGT 421 Elizabeth City State University, If the process makes one unit each hour on average and each unit is worth $1,800, what is the reduction in work

What is an example of an industry : What is an example of an industry where companies offer increasingly similar products and suffer falling profit margins as a result of everyone taking the same

Does use sticky principles constitute manipulating consumer : Topics that you might address: Does the use of the Sticky Principles constitute manipulating consumers, deception, lying, threats...etc.

Immigration to and migration within America : Building on the keywords you identified and the research of secondary sources you have done so far, what subjects, events, people,

Identify and conduct a 5s project : STATISTICS 002 Wharton High School, Identify and conduct a 5S project that you could do at home, school, or your place of employment. For each of the 5 steps

User Account

All Pages