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Jaster Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order: Required:
a. Compute the throughput time.
b. Compute the manufacturing cycle efficiency (MCE).
c. What percentage of the production time is spent in non-value-added activities?
d. Compute the delivery cycle time.
Refused Delivery
A situation where the recipient refuses to accept delivery of goods or packages.
Remedies
Legal means or measures available to a party to enforce a right or redress a harm or violation.
Specific Performance
A legal remedy requiring a party to fulfill their exact obligations under a contract, rather than simply providing monetary damages for failure to do so.
Lien
A legal right or claim against a property by a creditor to ensure the payment of a debt.
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