Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time? Answer?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter6: Managing Cash Flow
Section6.6: Conversion Period Ratios
Problem 2CC
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Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time? Answer?

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