It takes one day for Peter Gibbons to complete a TPS report and attach the cover sheet. During that day, Peter spends about 45 minutes a day performing actual work and the other 7 hours and 15 minutes spacing out. Which of the following statements is correct? Peter's percent value-added time is 9.4%. Peter's efficiency is 9.4%. Peter's cycle time is 7 hours and 15 minutes. Peter's productivity is 8 hours per TPS report. 11 35 A company with fixed costs of $250,000 per month believes that they have this holiday season's hot selling item, a towel that folds itself into a variety of shapes so you can turn your own home into a cruise ship cabin. They believe they can sell 100,000 units at a price of $60 per unit. If they have a variable cost per unit of $45 per unit what is their projected profit per month. $1,250,000 $1,500,000 25% 21%