Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000 chairs.Required:A. What is the velocity?fill in the blank 1 units per hourB. What is the cycle time in hours? Round your answer to one decimal place.fill in the blank 2 hours Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000chairs.Required:A. What is the velocity?units per hourB. What is the cycle time in hours? Round your answer to one decimal place.hours

Velocity: It is determined by dividing the units produced by the time taken. Cycle time: Cycle time…

Answered: Charlotte Company produces folding…

Business

Accounting

Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000 chairs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000 chairs.

Required:

A. What is the velocity?
fill in the blank 1 units per hour

B. What is the cycle time in hours? Round your answer to one decimal place.
fill in the blank 2 hours

Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000
chairs.
Required:
A. What is the velocity?
units per hour
B. What is the cycle time in hours? Round your answer to one decimal place.
hours

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