How do you compute production efficiency given the following data? This is an excerpt from Midwestern Lighting Case.

"The current practice at LFP was to allocate the total production cost to the number of good assemblies produced. By working with the material requirements planning system at LFP, Tim, and others were able to track the following costs associated with waste in the process. For the tail-light assemblies, the line produced 3,600 per shift. Labor and overhead costs were considered to be fixed."

Assess the production process for the Dodge Ram tail-light assembly. How efficient is it?

\begin{tabular}{|l|c|c|c|} \hline Current Process & Molding & Metalization & Inspection \\ \hline Directmaterialswaste & .05 & .001 & .000 \\ \hline Otherwaste(materialsandlabor) & .058 & .023 & .048 \\ \hline Productioncost/piece & .093 & .042 & .023 \\ \hline Total cost/piece & 1.15 & 1.216 & 10.727 \\ \hline \end{tabular}