Grey Company is evaluating two manufacturing process layout options, each of which has the following characteristics for producing a batch of output:

$$Minutes per BatchAlternative $1$Alternative $2$Setup time$5020$Movement time $($from start to finish$)2028$Waiting time$632$Inspection time$1014$Processing time$8060$

Required:

Determine the manufacturing lead time $($in minutes$)$ per batch for each decision alternative.

Determine the manufacturing cycle efficiency $($MCE$)$ for each layout $($i$.$e$.,$ for each of the two decision alternatives$).$

ItemDecision AlternativeCurrent SystemAfter Implementing New TechnologyOn$-$time delivery rate$80\%95\%$Variable cost per package lost or damaged$ $30$$ $30$Allocated fixed cost per package lost or damaged$ $10$$ $10$Annual number of packages lost or damaged$300100$