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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 17.0 days 1.2 days 3.8 dayS 6.0 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 2Required 3 Compute the company's manufacturing cycle efficiency. (Round your answers to 1 decimal place.) Manufacturing Cycle Efficiency Choose Denominator: Choose Numerator: Manufacturing cycle efficiency ess time Manufacturing cycle timeManufacturing cycle efficiency 0.0 Required 1 Required3> 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 17.0 days 1.2 days 3.8 days 6.0 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 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.) Cycle Efficiency Choose Denominator: Manufacturing cycle efficiency Manufacturing cycle efficiency Choose Numerator: Required 2 Required3