Franks manufacturing firm has determined that the industry standard process velocity time is 15 seconds. Franks OM
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- Frank’s manufacturing firm has determined that the industry standard process velocity time is 15 seconds. Frank’s OM engineer has determined that their process velocity time is 17 seconds with a throughput time of 136 seconds. If the throughput time cannot be changed, what, how much, and by which direction does the value added time need to change so Frank’s manufacturing can match the industry standard process velocity? Please explain.
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Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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