Ledbetter Industries makes and sells two types of outdoor canvas canopies.Ledbetter has provided you with the following timeline information stated in hours for its two products: Standard and Deluxe. 
Required:
a.Calculate the manufacturing cycle time for each product.
b.Calculate the manufacturing cycle efficiency for each product.
Definitions:
Selling Goods on Account
The process of selling merchandise to a buyer where payment is to be made at a future date as agreed.
Market Share
The percentage of an industry's total sales that is earned by a particular company over a specified time period.
Revenues
Revenues are the total amount of money generated by a company from its business activities, like sales of goods and services, before any costs or expenses are deducted.
Costs Incurred
Expenses that a company has recognized or recorded, reflecting amounts spent on operations, projects, or activities.
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