Exercise 18-39 Manufacturing Cycle Time and Efficiency (LO 18-5) A manufacturing company has the following average times in hours): Transporting product Manufacturing product Inspecting product Storing inventory 6.38 8.70 6.15 6.67 Required: Calculate the manufacturing cycle efficiency. Manufacturing cycle efficiency % Problem 18-53 Productivity Measures (LO 18-6) As the cost accounting manager at Cambria Chemicals (CC), you are responsible for compiling and reporting various performance measures to the senior managers. The company instituted many efficiency improvement programs recently, and the CFO has asked you to measure and report total factor productivity measures based on the three inputs (material, labor, and overhead). Data for the last two years follow: Gallons input (thousands) Labor-hours (thousands) Gallons of output (thousands) Year 2 9,900 9,400 11,700 Year 1 8,900 7,000 9,700 From the accounting records, you also gather the following information for the two years: Cost of inputs (per gallon) Wage rate (per hour) Total manufacturing overhead Selling price of output (per gallon) Year 2 $ 85 $ 24 $1,300,000 $ 370 Year 1 $ 91 $ 19 $1,170,000 $ 375 Required: a. Compute the total factor productivity measures for year 1 and year 2 based on the three inputs (material, labor, and overhead). (Round your answers to 3 decimal places.) Year 2 Year 1 Total factor productivity TB MC Qu. 18-52 Steinwand Corporation keeps careful track... Steinwand Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Processing Time Inspection Time Moving Time Storing Time Hours 3.5 1.8 4.4 8.8 The Manufacturing Cycle time was: O 37.0 hours. O 18.5 hours. 0 27.3 hours. O 9.7 hours. TB MC Qu. 18-50 Mountainburg Corporation keeps careful track... Mountainburg Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Processing Time Inspection Time Moving Time Storing Time Hours 2.7 3.3 5.3 5.7 The manufacturing cycle time was: 0 34.0 hours. O 1.3 hours. O 28.3 hours. 17.0 hours. TB MC Qu. 18-54 Morgenstern Corporation keeps careful track... Morgenstern Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Processing Time Inspection Time Moving Time Storing Time Hours 2.8 1.3 3.8 8.4 The Manufacturing Cycle time was: 66.4 hours. O 7.9 hours. O 16.3 hours. O 31.9 hours