JIT systems' manufacturing efficiency ratio
Methodical Corporation is considering the implementation of a JIT inventory system.The company recently analyzed its cycle time to determine the average number of days spent in each activity of its production process.A summary of the analysis is shown below: 
(a)Methodical's value-added production activities include: ________________________.
(b)Methodical's total cycle time is __________ days.
(c)Methodical's manufacturing efficiency ratio is __________%.
(d)Which activities might be reduced or eliminated should Methodical implement a JIT system?
Definitions:
Quality of Finish
Refers to the surface texture, accuracy, and visual appearance of a manufactured part after production.
General Note
A notation on engineering drawings or documents that provides additional information applicable to the entirety of the drawing.
Finish Symbols
Symbols used in technical drawings to denote the surface finish required on parts, indicating the level of smoothness or texture desired.
Bilateral Tolerance
A type of tolerance that allows a dimension to vary equally in both positive and negative directions from the nominal value.
Q2: The production schedule in units:<br>A)Cannot be prepared
Q6: A high quality of earnings is indicated
Q17: The gross profit rate usually is lowest
Q21: Cost centers are evaluated primarily on the
Q24: Comparative financial statements show side-by-side financial data
Q30: Volume variances<br>Consider the following statement: "No manager
Q32: Production and purchases budgets<br>Brian Furniture,Inc.manufactures a variety
Q37: Incremental costs can be defined as:<br>A)Costs that
Q50: An activity base is said to be
Q59: In assigning costs to centers,each center is