Calculate lead time

flint fabricators inc. machines metal parts for the automotive industry. under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. parts are produced in batch sizes of 80 parts. a part requires 4 minutes in milling and 6 minutes in finishing. the move time between the two operations for a complete batch is 7 minutes.

under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. the operating time is unchanged; however, the batch size is reduced to 5 parts and the move time is eliminated.

determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. if required, round percentages to one decimal place.

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

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