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Exercise 22-18 Manufacturing cycle time and efficiency LO A4 Oakwood Company produces maple bookcases to customer order. The following information is available for the production of the bookcases. Process time Inspection time Move time Wait time 11.0 days 1.5 days 5.4 days 4.0 days Required: 1. Compute the company's manufacturing cycle time. 2. Compute the company's manufacturing cycle efficiency. 3. Management believes it can reduce move time by 1.10 days and wait time by 2.50 days by adopting lean manufacturing techniques. Compute the company's manufacturing cycle efficiency assuming the company's predictions are correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's manufacturing cycle time. (Round your answers to 1 decimal place.) Manufacturing Cycle Time Time Manufacturing cycle time Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's manufacturing cycle efficiency. (Round your answers to 1 decimal place.) Choose Numerator: 1 Manufacturing Cycle Efficiency Manufacturing cycle Choose Denominator: efficiency Manufacturing cycle efficiency Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Management believes it can reduce move time by 1.10 days and wait time by 2.50 days by adopting lean manufacturing techniques. Compute the company's manufacturing cycle efficiency assuming the company's predictions are correct. (Round your answers to 1 decimal place.) Choose Numerator: 1 Manufacturing Cycle Efficiency Choose Denominator: Manufacturing cycle efficiency Manufacturing cycle efficiency /