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Lemmons Company makes a product that experiences the following activities and times:

 
Hours

Processing (two departments)

45.0

Inspecting

3.0

Rework

7.5

Moving (three moves)

12.0

Waiting (for the second process)

36.0

Storage (before delivery to customer)

46.5

Required

1. Compute the MCE for this product.

2. Discuss how lean improvements can help improve this efficiency measure.

3. Is this a lag or a lead measure? If lag, what would be some lead measures that would affect this measure?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91618966

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