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allochka39001 [22]
4 years ago
11

Flint Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts

are machined through two processes: milling and finishing. Parts are produced in batch sizes of 30 parts. A part requires 5 minutes in milling and 7 minutes in finishing. The move time between the two operations for a complete batch is 5 minutes.
Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 4 parts and the move time is eliminated.

Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place.

Traditional Philosophy Lean Manufacturing Philosophy
Value-added time 12min 12min
Non-value-added time min min
Total lead time 365min 48min
Value-added ratio (as a percent) % %

Business
1 answer:
adoni [48]4 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
A person puts $100.00 into a savings account with 2.4% annual interest rate (computed continuously). The value of such an invest
andre [41]

Answer:

It will take up to 3 years for the total interest to exceed $5.00

Explanation:

The future value of an investment whose interest is compounded continuously can be expressed as;

A=P e^(rt)

where;

A=future value of the investment

P=initial value of investment

r=annual interest rate

t=number of years

In our case;

A=Initial value+interest=(100+5)=$105

P=$100

r=2.4%=2.4/100=0.024

t=unknown

replacing;

105=100 e^(0.024 t)

e^(0.024 t)=105/100

e^(0.024 t)=1.05

ln {e^(0.024t)}=ln 1.05

0.024 t ln e=ln 1.05

but ln e=1

0.024 t=ln 1.05

t=ln 1.05/0.024

t=2.03 years rounded up=3 year

It will take up to 3 years for the total interest to exceed $5.00

4 0
4 years ago
A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expen
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Answer:

a. $16,350.

Explanation:

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= Total advertising expenses × Department T Sales ÷ total sales

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When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.

<h3>What is a perfectly competitive market?</h3>

In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.

There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.

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