Exercise 12-37 Operational Performance Measures (Appendix) (LO 12-8) Hiawatha Hydrant Company manufactures fire hydrants in Oswego, New York. The following information pertains to operations during May. Processing time (average per batch) 4.70 hours Inspection time (average per batch) 0. 55 hour Waiting time (average per batch) 0. 55 hour Move time (average per batch) 0. 55 hour Units per batch 23 units Required: 1. Compute the manufacturing cycle efficiency. (Do not round intermediate calculations. Round your final answer to the nearest whole percent.) 2. Compute the manufacturing cycle time. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3. Compute the velocity. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 1. Manufacturing cycle efficiency % 2. Manufacturing cycle time hour per unit 3. Velocity units per hour