Essay
JIT systems' manufacturing efficiency ratio
Methodical Corporation is considering the implementation of a JIT inventory system.The company recently analyzed its cycle time to determine the average number of days spent in each activity of its production process.A summary of the analysis is shown below: 
(a)Methodical's value-added production activities include: ________________________.
(b)Methodical's total cycle time is __________ days.
(c)Methodical's manufacturing efficiency ratio is __________%.
(d)Which activities might be reduced or eliminated should Methodical implement a JIT system?
Correct Answer:
Verified
(a)Cutting,Assembling,Painting,and Packa...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q2: Four categories of costs associated with product
Q3: Just-in-time manufacturing systems are also known as:<br>A)Supply
Q7: Activity-based costing systems
Q8: Just-in-time manufacturing<br>Candycane Co.is trying to determine how
Q11: An effective just-in-time system will include:<br>A)Specialized employees.<br>B)An
Q41: Total quality management centers on new product
Q44: Value-added activities include:<br>A)Setting up machinery.<br>B)Storing direct materials.<br>C)Employee
Q45: Cycle time is the length of time
Q54: The target costing process begins with finding
Q60: Non-value-added activities are those that add to