Standard Time: (2) The average observed times of performing three elements in succession are 0.8, 0.5, and 0.7 minutes, the ratings given to the speed of performance of the three elements are 90, 120, and 110 percent of normal respectively. Determine the element standard time and the standard time of the job if the allowances to be given to these elements are 10, 15, and 20% of the normal time respectively.

Standard Time: (2) The average observed times of performing three elements in succession are 0.8, 0.5, and 0.7 minutes, the ratings given to the speed of performance of the three elements are 90, 120, and 110 percent of normal respectively. Determine the element standard time and the standard time of the job if the allowances to be given to these elements are 10, 15, and 20% of the normal time respectively.

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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