The Gantry Company Collected the Following Information (In Days) for November

question 143

Essay

The Gantry Company collected the following information (in days) for November and December:
$$\begin{array} { | l | r | r | } \hline & \text { November } & \text { December } \\\hline \text { Transporting product } & 2.0 & 3.0 \\\hline \text { Processing product } & 6.0 & 7.0 \\\hline \text { Inspecting product } & 1.0 & 0.8 \\\hline \text { Storing product } & 2.0 & 3.0 \\\hline\end{array}$$
Required:
a. Calculate the manufacturing cycle efficiency for November and December.
b. Assume January's processing time will be the same as December. If Gantry's target for manufacturing cycle efficiency is 65%, what will be January's target for non-processing times?

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Definitions:

Dividend Revenue

Income earned from holding shares of a company that pays dividends.

Interest Revenue

Income earned on investments, savings accounts, and other financial instruments that pay interest.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Stock Securities

Shares of ownership in a corporation or financial assets representing such shares, which can be bought and sold in the stock market.