1. Compute and interpret (a) manufacturing cycle time and (b) manufacturing cycle efficiency using the following information from a manufacturing company.

Process time

15 minutes

Inspection time

2 minutes

Move time

6.4 minutes

Wait time

36.6 minutes

2. Nestlé reports beginning raw materials inventory of 3,590 and ending raw materials inventory of 3,708 (both numbers in millions of Swiss francs). If Nestlé purchased 12,000 (in millions of Swiss francs) of raw materials during the year, what is the amount of raw materials it used during the year?