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Tomassi Company Would Like to Increase Its Operational Efficiency Required:
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question 38

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Tomassi Company would like to increase its operational efficiency.For the first quarter of operations during the current year,the following data were reported:
 Days  Inspection time 0.3 Process time 3.7 Move time 1.0 Wait time 5.0\begin{array} { l r } & \text { Days } \\\text { Inspection time } & 0.3 \\\text { Process time }& 3.7 \\ \text { Move time } &1.0 \\\text { Wait time } &5.0\end{array} Required:
a.Compute the manufacturing cycle efficiency (MCE)for the quarter.
b.If by use of JIT all wait time during production is eliminated,what will be the new MCE?


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Opportunity Cost

Opportunity cost represents the value of the best alternative forgone when a decision is made to choose one option over another.

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A document or label allowing a vehicle to be parked in a designated area or facility.

Opportunity Cost

The expense associated with not choosing the second-best option when a decision or choice is made.

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An academic degree awarded by colleges and universities upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

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