1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
3 years ago
6

A machine is available 10 hours a day. Each part takes 90 minutes to fabricate and 10 minutes to setup. 10% of the parts made ar

e defective and must go through the machine again to be reworked, during which both setup and fabrication have to be performed again. The machine is idle for any unused time. On average, 5 good parts are made each day. What is the overall equipment effectiveness of the machine?
O 0.17
O 0.75
O 0.075
O 0.83
Business
1 answer:
Eddi Din [679]3 years ago
6 0

Answer:

0.75

Explanation:

Time available each day:

= 10 hours

= 10 × 60 minutes

= 600 minutes

Time take to fabricate 1 part = 90 minutes

Time setup 1 part = 10 minutes

Total parts made in one day = 5

Parts defective = 10%

Total time to produce 1 part:

= Time take to fabricate + Time setup

= 90 + 10

= 100 minutes

Thus, time taken to produce 5 parts:

= 5 × 100 minutes

= 500 minutes

Number of parts defective = 10% of the parts made are defective

                                            = 5 × 10%

                                            = 0.5 parts

Time taken to replace defective part:

= 0.5 × 100

= 50 minutes

Value added time:

= time taken to produce 5 parts - Time taken to replace defective part

= 500 - 50

= 450 minutes

Effectiveness:

= Value added time ÷ Total time

= 450 minutes ÷ 600 minutes

= 0.75

You might be interested in
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.
r-ruslan [8.4K]

Explanation:

a. Manufacturing overhead Flexible budget report

                                Budget      Actual      Favorable (Unfavorable)

Variable cost          

Indirect material      $11,100      $14,900     $3,800  U

Indirect labor           $11,000     $9,600      $1,400   F

Utilities                     $7,700      $9,100       $1,400   U

Maintenance            $5,500     $4,800      $700     F

Total Variable cost  $35,300    $38,400    $3,100  U

Fixed expenses

Supervisory Salary    $36,700   $36,700     0

Depreciation              $6,100       $6,100      0

Property, taxes          $7,400       $8,500    $1,100    U

Maintenance              $4,900      $4,900     0            U

Total fixed expense  $55,100     $56,200  $1,100    U

Total controllable

cost                             $90,400    $94,600   $4,200 U

b.          Manufacturing overhead Responsibility report

Controllable cost     Budget      Actual      Favorable (Unfavorable)

Indirect material      $11,100      $14,900     $3,800  U

Indirect labor           $11,000     $9,600      $1,400   F

Utilities                     $7,700      $9,100       $1,400   U

Maintenance            $10,400    $9,700      $700      F

Supervisory salaries$36,700   $36,700     0

Total                          $76,900   $80,000    $3,100  U

8 0
3 years ago
Which examples demonstrate common Financial and Investment Planning workplaces and employers? Check all
jenyasd209 [6]

Answer:

The correct answers are,

  • -Carmen Works in an investment companies office analyzing the level of risk that different Investments offer
  • -Luisa works at a stock exchange buying and selling securities for customers
  • -Ladonna is self-employed and meets with customer dinner office to provide Financial advice ​

Explanation:

financial advisory is an important aspect in the business world and is important for the companies and start ups to smartly and effectively utilize their finances.

most of the time, those who are in the profession of "financial advisory" are carefully monitored by regulatory bodies such as the securities and exchange commissions and related professional body.

in this scenario, investment officers and stock brokers are shown, all fall under the category of advisers.

3 0
3 years ago
terrence’s team is very close and tends to agree on most decisions with little discussion. terrence should be concerned about
ad-work [718]

Terrence should be concerned about groupthink.

  • Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion.
  • The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates.
  • When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.

Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.

Learn more about decision:

brainly.com/question/24128805

4 0
3 years ago
Read 2 more answers
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0
4 years ago
In most high-tech industries, the fixed costs of developing a product are very _____, and the costs of producing one extra unit
topjm [15]

Answer:

Fixed costs are high, variable costs are low

Explanation:

The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.

Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.

7 0
3 years ago
Other questions:
  • A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles,
    8·1 answer
  • What is the proper economic term for money that is available for investment?
    6·1 answer
  • Meredith inc. is a manufacturer of art supplies. the company has announced plans to enter into an equity strategic alliance with
    8·2 answers
  • What are the two types of state budgets?
    8·1 answer
  • A bank currently has $50 million in deposits, $6 million in cash in the vault, $4 million on deposit with Fed, and $5 million in
    8·1 answer
  • Which statement best illustrates the relationship between three different
    6·2 answers
  • Giant Equipment Ltd. Is considering two projects to invest next year. Both projects have the same start-up costs. Project A will
    11·1 answer
  • When might be the best time to start saving for retirement?
    9·1 answer
  • Splish Brothers Inc. began operations on April 1 by issuing 52,300 shares of $5 par value common stock for cash at $15 per share
    6·1 answer
  • actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!