Chapter 12 homework

I’m trying to learn for my Accounting class and I’m stuck. Can you help?

***See attachment for all questions

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

5,688

minutes

Machine time available per week

7,200

minutes

Actual run rate this week

9.00

units per minute

Ideal run rate

10.00

units per minute

Defect-free output this week

17,835

Units

Total output this week (including defects)

20,500

Units


Required:

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 your final answer to 3 decimal places.)