The formula to calculate the Cycle Time (CT) is:
\[ CT = \frac{RT}{P} \]
Where:
A cycle time is defined as the total time it takes to produce one unit of a product or manufactured good.
Let's assume the following values:
Using the formula to calculate the Cycle Time:
\[ CT = \frac{120}{60} = 2 \, \text{mins/part} \]
The Cycle Time is 2 mins/part.