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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?
Depreciation
The planned spreading out of the expense of a tangible asset over the duration of its usefulness.
Statement of Financial Position
A financial statement that shows the assets, liabilities, and equity of an entity at a specific point in time.
Statement of Income
A financial report that shows the company's revenue, expenses, and net profit or loss over a specific period.
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