A plant is introducing time standards in one of its production departments. The department employs 96 workers. The average wage rate in the department is $13/hr, including fringe benefits. The workweek is 40 hr (2000 hrlyr). The average number of batches produced each year by a worker is 50 (1 batch/week), and the average batch size is 1196 parts. When time standards are used, the productivity increase is expected to be 18%. The application speed ratio of the work measurement techniques to be used is 150. The annual salary of each analyst is $51.5,000, including fringe benefits. Determine the annual savings in direct labor cost if the department's workload after standards are introduced is the same as before, meaning that fewer workers will be required. O 286000 $ O 520000 $ O 364000 $ O 442000 $
A plant is introducing time standards in one of its production departments. The department employs 96 workers. The average wage rate in the department is $13/hr, including fringe benefits. The workweek is 40 hr (2000 hrlyr). The average number of batches produced each year by a worker is 50 (1 batch/week), and the average batch size is 1196 parts. When time standards are used, the productivity increase is expected to be 18%. The application speed ratio of the work measurement techniques to be used is 150. The annual salary of each analyst is $51.5,000, including fringe benefits. Determine the annual savings in direct labor cost if the department's workload after standards are introduced is the same as before, meaning that fewer workers will be required. O 286000 $ O 520000 $ O 364000 $ O 442000 $
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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