Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The throughput time was:
A)4.2 hours
B)9.5 hours
C)30.6 hours
D)26.4 hours

Question

Quizplus · Accepted Answer

Throughput time = Process time + Inspection time + Move time + Queue time
= 1.4 hours + 0.1 hours + 2.7 hours + 5.3 hours = 9.5 hours

Chace Products Is a Division of a Major Corporation