Manufacturing Cycle Time Is Best Defined as The

question 66

Multiple Choice

Manufacturing cycle time is best defined as the:

• A)length of the work shift,expressed in minutes per day.
• B)time it takes a unit to move from one workstation to the next.
• C)time between the start of one unit and the start of the next unit.
• D)sum of all the task times to make one unit of a product.
• E)time from raw materials receipt to finished product exit.

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Definitions:

Gross Profit

The financial metric representing the difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Inventory Value

The total cost or market value of all the goods and products held by a company intended for sale.

Replacement Cost

The current cost of replacing an asset with another of similar kind and same utility without considering depreciation.

Non-Cancellable

Describes a contract or agreement that cannot be terminated or annulled by either party without facing penalties.