Question: I need help with this general accounting question using standard accounting techniques. Lakeside Manufacturing produces outdoor furniture for retail stores. The company is implementing lean

I need help with this general accounting question using standard accounting techniques.

Lakeside Manufacturing produces outdoor furniture for retail stores. The company is implementing lean manufacturing principles to reduce waste and improve efficiency. The following table shows the time needed to produce a batch of patio chairs: Activity Time to Complete Raw materials moved to cutting area 25 minutes Cutting and preparation 50 minutes Materials moved to assembly area 8 minutes Wait time before assembly 15 minutes Assembly process 65 minutes Quality control inspection 12 minutes Packaging 20 minutes Finished goods moved to shipping 10 minutes How much of the processing time is value-added

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