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An assembly line with 11 tasks is to be balanced. The longest task is 2.5 minutes, the shortest task is 0.5 minutes, and the sum of the task times is 20 minutes. The line will operate for 700 minutes per day.
a. Determine the minimum and maximum cycle times.
b. What range of output is theoretically possible for the line?
c. What is the minimum number of stations needed if the maximum output rate is to be sought?
d. What cycle time will provide an output rate of 200 units per day?
Successful-efforts Method
An accounting method used in the energy industry for recognizing and capitalizing only those expenses associated with successfully locating new oil or natural gas reserves.
Full-cost Method
A method of accounting for all expenditures associated with the exploration and development of oil and gas reserves as capitalized costs, which are then amortized over the total volume of proven resources.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that is globally accepted for financial reporting.
Operating Asset
An Operating Asset is an asset used by a company in its day-to-day operations to generate revenue, such as machinery, buildings, or equipment.
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