Castner corporation is considering implementation of a jit, Ask an Expert

Accounting

Castner Corporation is considering implementation of a JIT inventory system. The company's industrial engineer recently conducted a study to determine the average number of days spent in each activity of the production process. The following table summarizes her findings:

Production Activity Number of Days
Inspecting materials 3
Storing materials 17
Moving materials into production 3
Setting up production equipment 2
Cutting materials 6
Bending materials 5
Assembling finished products 9
Painting finished products 5

a.Calculate Castner's total cycle time?

b.Determine Castner's manufacturing efficiency ratio. (Omit the "%" sign in your response.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976198

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