Setup time for a product is 12 hours. A firm that uses JIT and produces the same product has reduced setup time to 1 hour. Setup labour is £6 per hour. The value-added costs are
A) £72.
B) £66.
C) £12.
D) £6.
Correct Answer:
Verified
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A)the
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A)inventories.
B)rework.
C)setup
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A)product innovation.
B)process innovation.
C)process
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