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Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 Performance Rating 1 115% 0.5 95% 0.6 85% 0.7 80% 1.6 The allowances for tasks such as this are personal, 8% ; fatigue, 10%; and delay, 2%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). Observation (minutes per cycle) 2 3 4 0.4 0.9 0.4 1.9 4 0.5 0.7 0.6 2.1 0.3 0.6 0.4 1.7 5 0.3 0.7 0.4 1.5

Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 Performance Rating 1 115% 0.5 95% 0.6 85% 0.7 80% 1.6 The allowances for tasks such as this are personal, 8% ; fatigue, 10%; and delay, 2%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). Observation (minutes per cycle) 2 3 4 0.4 0.9 0.4 1.9 4 0.5 0.7 0.6 2.1 0.3 0.6 0.4 1.7 5 0.3 0.7 0.4 1.5

Practical Management Science
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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K Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 115% 95% 85% 80% 1 0.5 0.6 0.7 1.6 Observation (minutes per cycle) 2 3 4 0.4 0.9 0.4 1.9 0.5 0.7 0.6 2.1 0.3 0.6 0.4 1.7 5 0.3 0.7 0.4 1.5 The allowances for tasks such as this are personal, 8%; fatigue, 10%; and delay, 2%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places).
Transcribed Image Text:K Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 115% 95% 85% 80% 1 0.5 0.6 0.7 1.6 Observation (minutes per cycle) 2 3 4 0.4 0.9 0.4 1.9 0.5 0.7 0.6 2.1 0.3 0.6 0.4 1.7 5 0.3 0.7 0.4 1.5 The allowances for tasks such as this are personal, 8%; fatigue, 10%; and delay, 2%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places).
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