Based on a careful work study in the Hofstetter Corp., the results shown in the following table have been observed: Observation (minutes per cycle) 2 3 4 Element Prepare daily reports Photocopy results Label and package reports Distribute reports Performance Rating 115% 110% 95% 90% 1 35 12 3 15 39 11 3 18 * Photocopying machine broken; included as delay in the allowance factor ^ Power outage; included as delay in the allowance factor 34 37* 6 20 45 15 6 17 43 5 39 14 3 44^ The allowance factor for this type of work is given to be 15%Round all intermediate calculations to two decimal places before proceeding with further calculations.) a) The normal time for the "prepare daily reports" operation = minutes (round your response to two decimal places The normal time for the "photocopy results" operation = minutes (round your response to two decimal places). minutes (round your response to two The normal time for the "label and package reports" operation = decimal places). The normal time for the "distribute reports" operation = minutes (round your response to two decimal places). The normal time for the overall process = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). c) The number of observations that are required for a 99% confidence level within 5% accuracy = response to the immediate higher whole number). (round your
Based on a careful work study in the Hofstetter Corp., the results shown in the following table have been observed: Observation (minutes per cycle) 2 3 4 Element Prepare daily reports Photocopy results Label and package reports Distribute reports Performance Rating 115% 110% 95% 90% 1 35 12 3 15 39 11 3 18 * Photocopying machine broken; included as delay in the allowance factor ^ Power outage; included as delay in the allowance factor 34 37* 6 20 45 15 6 17 43 5 39 14 3 44^ The allowance factor for this type of work is given to be 15%Round all intermediate calculations to two decimal places before proceeding with further calculations.) a) The normal time for the "prepare daily reports" operation = minutes (round your response to two decimal places The normal time for the "photocopy results" operation = minutes (round your response to two decimal places). minutes (round your response to two The normal time for the "label and package reports" operation = decimal places). The normal time for the "distribute reports" operation = minutes (round your response to two decimal places). The normal time for the overall process = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). c) The number of observations that are required for a 99% confidence level within 5% accuracy = response to the immediate higher whole number). (round your
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Please answer ASAp. With Step by step explaination in brief. and give short summary at last. Dont give
Transcribed Image Text:Based on a careful work study in the Hofstetter Corp., the results shown in the following table have been observed:
Observation (minutes per cycle)
3
4
Element
Prepare daily reports
Photocopy results
Label and package reports
Distribute reports
*
Performance
Rating
115%
110%
95%
90%
1
35
12
i w
15
2
او د م ه
39
11
3
18
Photocopying machine broken; included as delay in the allowance factor
^ Power outage; included as delay in the allowance factor
34
37*
6
20
315617
43
5
39
I w F.
14
44^
The allowance factor for this type of work is given to be 15%Round all intermediate calculations to two decimal places
before proceeding with further calculations.)
a) The normal time for the "prepare daily reports" operation =
minutes (round your response to two decimal places).
The normal time for the "photocopy results" operation = minutes (round your response to two decimal places).
minutes (round your response to two
The normal time for the "label and package reports" operation =
decimal places).
The normal time for the "distribute reports" operation = minutes (round your response to two decimal places).
The normal time for the overall process =
minutes (round your response to two decimal places).
minutes (round your response to two decimal places).
b) The standard time for this process =
c) The number of observations that are required for a 99% confidence level within 5% accuracy = (round your
response to the immediate higher whole number).
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