Multiple Choice
Setup time for a product is 12 hours.A firm that uses JIT and produces the same product has reduced setup time by 1 hour.Setup labor is $20 per hour.If the company wants to reduce non-value-added costs by 40 percent next year, the currently attainable standard for setup time would be
A) 7.6 hours.
B) 7.2 hours.
C) 6.6 hours.
D) 4.8 hours.
Correct Answer:
Verified
Correct Answer:
Verified
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