Hanlon Company has recorded the following data regarding its inventories. To manufacture product MPC1, it...
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Hanlon Company has recorded the following data regarding its inventories. To manufacture product MPC it takes hours to move raw materials to the workinprocess area. Transforming the raw materials into finished goods takes three production steps of hours each. The finished goods are then temporarily stored in a storage area for hours. Finally, they are inspected which takes hours. Calculate the processing cycle efficiency for product MPC
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