Just need efficiency rate and overall equipment effectiveness Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company providedthe following information for the machine whose limited capacity is prohibiting the company from producingand selling additional units.Actual run time this weekMachine time available per weekActual run rate this weekIdeal run rateDefect-free output this weekTotal output this week (including defects)7,020 minutes9,000 minutes9.35 units per minute11.00 units per minute18,000 units20,000 unitsRequired:1. Compute the utilization rate. (Round your answer to 2 decimal places.)2. Compute the efficiency rate. (Round your answer to 2 decimal places.)3. Compute the quality rate. (Round your answer to 2 decimal places.)4. Compute the overall equipment effectiveness (OEE). (Do not round intermediate calculations. Round yourfinal answer to 3 decimal places.)Utilization rate0.78Efficiency rateQuality rate0.90Overall equipment effectiveness

efficiency rate = actual run rate / ideal run rate = 9.35/11 = .85

Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week Machine time available per week Actual run rate this week 7,020 minutes 9,000 minutes 9.35 units per minute

Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week Machine time available per week Actual run rate this week 7,020 minutes 9,000 minutes 9.35 units per minute

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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