Navern Corporation manufactures and sells custom home elevators. From the time a

Question

Navern Corporation manufactures and sells custom home elevators. From the time an order is placed until the time the elevator is installed in the customer's home averages 87 days. This 87 days is spent as follows: Wait time Inspection time13 days Process time Move time Queue time 17 days 23 days 22 days 12 days What is Navern's manufacturing cycle efficiency (MCE) for its elevators? 586% 552% Multiple Choice 0 41 4% 329% A balanced scorecard consists of a report showing a performance Financial measures such as ROI and residual income as well as measure such as ROI or residual income for all of the divisions in a operating measures may be included in a balanced scorecard company that generate profts True or False True or Folse True False True False

Explanation / Answer

Throughput time = Process time + Inspection time + Move time + Queue Time

...........................= 23 days + 13 days + 22 days + 12 days

..........................= 70 days

Manufacturing cycle efficiency = Value added time (process time) / Throughput time

.................................................= 23 days / 70 days

.................................................= 32.9%

Question 1: What is Navern's manufacturing cycle efficiency (MCE) for its elevators?

Answer: 32.9%

Question 2 : A balanced scorcard consists of a report showing a performance measure such as ROI or residual income for all of the divisions in a company that generate profits.

Answer: False

Question 3: Financial measure such as ROI and residual income as well as operating measures may be included in a balance scorecard.

Answer: True

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