Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart: Operations Average Number of Days Receiving materials 4 Storing materials 18 Measuring and cutting materials 13 Handling materials 13 Setting up and moving scaffolding 11 Assembling materials 5 Building fireplace 17 Pegging logs 14 Cutting and framing doors and windows 9 Sealing joints 7 Waiting for county inspectors 11 Inspecting property (county inspectors) 2 a. How much of the total time is value-added time? Answer hours b. How much total time is spent performing non-value-added activities? Answer hours c. Calculate the manufacturing cycle efficiency of the process. Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%). Answer%
Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart: Operations Average Number of Days Receiving materials 4 Storing materials 18 Measuring and cutting materials 13 Handling materials 13 Setting up and moving scaffolding 11 Assembling materials 5 Building fireplace 17 Pegging logs 14 Cutting and framing doors and windows 9 Sealing joints 7 Waiting for county inspectors 11 Inspecting property (county inspectors) 2 a. How much of the total time is value-added time? Answer hours b. How much total time is spent performing non-value-added activities? Answer hours c. Calculate the manufacturing cycle efficiency of the process. Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%). Answer%
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 4PB: Pocket Umbrella, Inc. is considering producing a new type of umbrella. This new pocket-sized...
Related questions
Question
Activity analysis; MCE
Log Cabins Unlimited constructs vacation houses in the North Carolina mountains. The company has developed the following value chart:
| Operations | Average Number of Days |
|---|---|
| Receiving materials | 4 |
| Storing materials | 18 |
| Measuring and cutting materials | 13 |
| Handling materials | 13 |
| Setting up and moving scaffolding | 11 |
| Assembling materials | 5 |
| Building fireplace | 17 |
| Pegging logs | 14 |
| Cutting and framing doors and windows | 9 |
| Sealing joints | 7 |
| Waiting for county inspectors | 11 |
| Inspecting property (county inspectors) | 2 |
a. How much of the total time is value-added time? Answer hours
b. How much total time is spent performing non-value-added activities? Answer hours
c. Calculate the manufacturing cycle efficiency of the process.
Note: Round the percentage to one decimal point (i.e. show 14.445% as 14.4%).
Answer%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,