Mountainburg Corporation Keeps Careful Track of the Time Required to Fill

question 105

Multiple Choice

Mountainburg Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below:
$$\begin{array} { | l | c | } \hline & \text { Hours } \\\hline \text { Processing Time } & 1.2 \\\hline \text { Inspection Time } & 0.3 \\\hline \text { Moving Time } & 3.8 \\\hline \text { Storing Time } & 4.2 \\\hline\end{array}$$ The manufacturing cycle time was:

• A) 5.3 hours.
• B) 20.7 hours.
• C) 15.4 hours.
• D) 9.5 hours.

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Definitions:

Statement Of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership stake of the proprietors.

Fees Earned

Fees earned constitute the income a company generates from providing services before any expenses are deducted.

Wages Expense

The total cost incurred by a company for the amount paid to its hourly employees during a reporting period.