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A corporation is trying to determine how long it takes for oneproduct to pass through the production process. The following information was gathered regarding how many days the product spent in various production activites:

Activity Number of days

Inspection.......................................... 5
Storage.............................................. 6
Assemby............................................ 3
Handling............................................. 2
Painting.............................................. 3
Packing............................................... 1

Question:

Determine the company's manufacturing effeciencyratio.

If the company implements a total quality managemnetprogram and a just-in-time system, which of the above activitiescould be eliminated? What would be the change in the company's manufacturing effeciency ratio?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796784

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