The Following Information for a Recent Project Was Taken from the Records

question 14

Essay

The following information for a recent project was taken from the records of Green Company: $\begin{array} { l r } \text { Processing time } & 30 \text { days } \\\text { Inspection time } & 2 \text { days } \\\text { Waiting time: } & \\\text { From order receipt until start of production } & 8 \text { days } \\\text { From start of production through project completion } & 2 \text { days } \\\text { Move time } & 2.5 \text { days }\end{array}$ Required:
A. How long did it take to complete the project once production commenced?
B. Compute the manufacturing cycle efficiency.
C. As judged by the cycle efficiency, what percentage of the overall production time was spent on (1) value-adding activities and (2) non-value adding activities?

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Definitions:

Customer Base

The customer base refers to the group of consumers who repeatedly purchase the goods or services of a business.

Bank

A financial institution licensed to receive deposits and make loans, and offer other financial services, such as wealth management and currency exchange.

Float Balance

The amount of money within a financial system that is briefly counted twice due to time gaps in registering a deposit or withdrawal, often seen in the banking system.