EconomicsQuestion 2A time study is performed on a operation, resulting in the data following (in minutes)?Allowance per 8 hour shiftClothes changeUnavoidable delay15 minutes35 minutesLunch30 minutesShower and changeTotal30 minutes110 minutesa) Compute mean observed time for each elementb) Compute normal time for each element and total normal time in minutesc) Compute the allowance fraction for the operation. Assume 480 minutes per shift.d) Compute the labour standard for the operation

The purpose of this question is to show the data on various elements of an operation, and is to…

Question 2 A time study is performed on a operation, resulting in the data following (in minutes)? Allowance per 8 hour shift Clothes change Unavoidable delay Lunch Shower and change Total 15 minutes 35 minutes 30 minutes 30 minutes 110 minutes

Question 2 A time study is performed on a operation, resulting in the data following (in minutes)? Allowance per 8 hour shift Clothes change Unavoidable delay Lunch Shower and change Total 15 minutes 35 minutes 30 minutes 30 minutes 110 minutes

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: define economic of scale

A: Economies of scale can be achieved in two ways, that is, internally or externally. Internally…

Q: Quantity 0 1 2 3 4 5 6 TC(in $) 5 10 13 18 25 34 45 Calculate MC, AVC, ATC for the firm ?

A: Answer: Quantity Total cost Marginal cost (using total cost) Variable Cost (Using marginal…

Q: Richard is considering relocating to an assisted living facility. He learns that there is an initial…

A: Richard is considering relocating to an assisted living facility. He learns that there is an initial…

Q: Draw graph if n is 20 and p is 0.60

A: Given: Number of trials (n) = 20 Probability of success (p)=0.60

Q: As discussed in class, use your own words to compare the project fast-tracking and the project…

Q: Make necessary Graph Chart of Highlight definiation with labels

A: Answer: In the first case, the relationship between the two substitute goods is shown. Let the two…

Q: Firm Measures: Productivity, Costs, Revenues, and Profits Labor Total Product (TP) Fixed Cost (TFC)…

A: The marginal product of labor (MP) refers to an increase in total production when one additional…

Q: WORD PROBLEM:An employee works 2080 hours per year. They receive benefits that are 25% of their…

Q: In a project, total 10 products will be produced by each worker. The time needed for producing the…

A: Learning rate refers to the proportion of amount saved by the increase in efficiency of labor every…

Q: Mustang Mobile charges $15 for each tetrabyte of data used on its smartphone plans. Use this…

A: According to the question, Mustang mobile charges $15 for each terabyte of data used on its…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: Good 1 z poog

A: Disclaimer :- as you posted multiple questions we are supposed to solve the first one only. This…

Q: What is the fixed cost? $[ What are the Variable Costs? $[ If the merchandise is very popular among…

A: The fixed cost can be calculated by subtracting the variable cost from the total cost. The variable…

Q: Instructions: Fill - up the vacant table. Given is as follows: Week Sales ( $1,000) Four-week Moving…

A: Introduction Sales of 9 week has given. 4 moving average has calculated as = add the sales of…

Q: 14. Has social media engagement with JTS positively influenced your perception of the company? 10…

A: The pie chart in the proposal reflects respondents' perceptions of the impact of social media…

Q: You just received your midterm exam results andyour professor wrote the following note: “Youreceived…

A: In economics, positive statements are those that are objective as well as testable in nature. Such…

Q: A company produces and sells a consumer product and is able to control the demand by varying the…

A: Given demand function is p=38+2700D-5000D2 Note D>1 Total fixed cost =$1000 and variable…

Q: Use a graphing calculator to graph a break-even chart. Choose the correct answer below. OA OB AND…

A: Break- even Point : The break- even point in refers to the level of output at which total revenue…

Q: how did you get the 6.25 labor units

A: Profit is the reward for bearing risk. Profit is the excess of total revenue over total cost. So ,…

Q: Cho is a hard-working college freshman. One Tuesday, she decides to work nonstop until she has…

A: GIVEN DATA, A chart is provided showing the amount of time and difficulties that have been resolved…

Q: Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she…

A: Economic order quantity helps the firm in analyzing the quantity of order that it should place so…

Q: Use the table to answer the following questions. The marginal, or additional, gain from Eleanor's…

A: Marginal benefit is the additonal benefit that the consumer gets from consumption of an additional…

Q: For this you will need to submit 2 documents. A word document with your answers typed out and an…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 2. The above table shows a firm's: * a. Short-run and long-run costs. b. Long-run costs: c.…

A: Perfect competition is a market form that involves the production of homogenous goods and services.…

Q: When output is expanded from 10 to 11 units, AVC will and ATC will O Insufficient information O…

A: If price is a smaller amount than average total cost but greater than average variable cost, a firm…

Q: Please see attached.

Q: Site for 2 research works that have used interviews and/or focus groups as a data-gathering tool.…

A: The use of qualitative research in dentistry is becoming more common. The most prevalent qualitative…

Q: Jonah bought a bracelet at original cost $24 to sell in his handicraft store. The markup was 25% on…

A: Markup refers to the amount added to the cost of a product or service in order to determine its…

Q: Fixed Costs are £100, Variable costs are constant at £3 per unit produced. (i) Write a table showing…

A: Total Revenue (TR): This is the total income a firm receives from selling a given quantity of goods.…

Q: Question: The profit for a product can be described by the function P(x) = 840x - 75.6 - 0.4x^2…

Q: Alex is a hard-working college sophomore. One Saturday, he decides to work nonstop until he has…

A: Marginal gain is the addition to the total gain by employing an additional unit of input. Time spend…

Q: Calculate the value of Total revenue when price is $33 and the quantity is 71 units

A: # The revenue generated by the firm by selling all the units of goods at respective prices is…

Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?

A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…

Q: The total revenue generated is $400 and the output is 12 units Find the value of average revenue

A: The information being given is:- Total revenue = $400 Output = 12 units We have to calculate the…

Q: What statement best describes a product modification changing the amount of management time spent…

A: The Product modification refers to modify or change in the product or service. In simple terms, it…

Q: Spare production Capacity stock or finished products and compliments ease in cost factor a…

A: Price elasticity of supply refers to the change in the quantity supplied with respect to changes in…

Q: Calculate the value of total revenue if total cost is $6500 and profits are $800

A: The information given in the question is:- Total cost = $6500 Profits = $800 Total revenue = ? We…

Q: (Suggested time - 12 mins] MPB Q Q, Q, Q 5 Use the labelled points in this graph to identify the…

A: Given Diagram

Q: A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is…

A: The net duration needed to manufacture a product covering from the start to the end is termed…

Q: In the short run, a tool manufacturer has a fixed amount of capital with labor as its primary…

A: A production function illustrates the relationship between the inputs used and the output produced…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: a) Given Mean Observed Time (MOT) for Each Element:

VIEW

Step 3: b) Show normal Time for Each Element and Total Normal Time

VIEW

Step 4: c) Evaluation of allowance Fraction:

VIEW

Step 5: d) Calculation of labor Standard:

VIEW

Solution

VIEW

Step by step

Solved in 6 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

180.00 Short Run Cost Curves Numerical Data Labels Are Adjacent ToTheir Associated Markers (Markers Are The Squares, Dots, or Triangles On The Curves) MC AVC ATC 162.60 160.00 140.00 130.20 120.00 101 40 100.00 92,56 90.60 80.00 85.80 84.92 80.91 80.60 77.74 76,20 16.20 77,68 60.00 61.80 54.60 54.60 48.60 40.00 43.80 40.20 40.20 37,80 36.60 36.60 37.80 2.20 20.00 1.40 0.00 13 15 16 17 18 19 20 21 10 11 12 14 Quantity The figure shows a competitive firm in the paper clip industry. The price of a paper clip is $130.20. The firm's profit is O• $548.20 O • $751.05 O• $892,80 O • $1,096.24 180.00 Short Run Cost Curves Numerical Data Labels Are Adjacent ToTheir Associated Markers (Markers Are The Squares, Dots, or Triangles On The Curves) 160.00 162.60 MC AVC -ATC 140.00 130.20 120.00 100.00 101.40 92.56 80.00 RS 80 90.60 s0.91 84.92 16,20 80.60 774 76.20 77.68 60.00 54.60 61.80 54.60 40.00 48.60 40.20 43.80 37.80 40.20 36.60 20 36.60 20.00 140 0.00 10 11 12 13 14 15 16 17 18 19 20 21…
Total Fixed Total Variable Labor Output (workers) (units per day) (dollars) Cost Cost (dollars) 20 20 20 20 20 20 25 50 75 100 125 2 19 13 4. 16 1S
Define the term Routine Annual Maintenance Costs?
Additional Algo 10-18 Holding Costs Express Scripts has $2,023 million of inventory. Their holding cost is 31%. What is the total annual cost for carrying inventory at Express Scripts? (in $ million). Instruction: Round your answer to one decimal place. Total annual cost for carrying inventory million
choices for 1 and 2 are its either "variable" or "fixed" please also do the rest of the questions and graph thank you!
Can you help with the three questions on my worksheet that relate to the attached graph? Can you also advise if I have done my math correctly?
what is the difference between capacity and automation.
Show all the steps
M10
Consider the following data on a firm: Number of Units Sold Total Revenue (£'s) 10 20 30 40 50 60 70 100 180 240 280 300 300 280 Fixed Costs are £100, Variable costs are constant at £3 per (i) Write a table showing the price and quantity sold. (ii) Calculate the profit maximising output of the firm (iii) What are the profits at the profit maximising output? (v) unit produced. (iv) What is the average variable cost at the profit maximising output? What is the arc price elasticity of demand between 40 and 50 units?
what is Operational definition Repeat Purchase for food customer?
plz solve all parts within 30-40 mins I'll give you multiple upvote