A Company Is Trying to Balance Production Between 3 Workstations

question 150

Essay

A company is trying to balance production between 3 workstations on an assembly line. Currently there are 5 tasks that need to be performed. These tasks, ABCDE, have required times of 2 minutes, 4 minutes, 1 minutes, 3 minutes, and 10 minutes respectively. The assembly line needs to produce 40 units per day to meet demand and can work for up to 8 hours each day.
A. What is the required cycle time?
B. What is the theoretical minimum # of workstations?
C. Assign the tasks according to shortest task time.
D. Is there a better way to divide the work than in Part C?

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Definitions:

Net Income

Refers to the profit that remains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.

Average Total Assets

A financial metric calculated by taking the average of a company’s total assets at the beginning and the end of an accounting period to assess overall asset efficiency.

Total Asset Turnover

A financial ratio that measures a company’s efficiency in using its assets to generate revenue.

Net Sales

The revenue generated from goods or services sold by a business, minus returns, allowances for damaged or missing goods, and discounts.