Simkin Corporation Keeps Careful Track of the Time Required to Fill

question 142

Multiple Choice

Simkin Corporation keeps careful track of the time required to fill orders.Data concerning a particular order appear below: The manufacturing cycle efficiency (MCE) was closest to:

• A)0.46
• B)0.06
• C)0.20
• D)0.19

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Definitions:

Perm

A chemical hair treatment used to add curls or waves to the hair, or the city located in the European part of Russia, known for its cultural and historical significance.

Economic Profits

The variance between total financial gains and total charges, taking into account both manifest and implied costs.

Long Run

A time frame during which all production elements and expenses can change, enabling complete adjustment within the industry to any alterations.

Total Revenue

The total amount of money a firm receives from sales of its products or services, before any costs are subtracted.