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Th e Arkade Company has decided to use a 15 percentallowance factor based on job time. Calculate the standard timefor each work element and for the total job. Work Element    Mean Observed Time (mins)      Performance Rating Factor1                                        1.20                                            0.952                                        1.00                                            0.853                                        0.80                                            1.104                                        0.90                                            1.10

Th e Arkade Company has decided to use a 15 percentallowance factor based on job time. Calculate the standard timefor each work element and for the total job. Work Element    Mean Observed Time (mins)      Performance Rating Factor1                                        1.20                                            0.952                                        1.00                                            0.853                                        0.80                                            1.104                                        0.90                                            1.10

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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Th e Arkade Company has decided to use a 15 percent
allowance factor based on job time. Calculate the standard time
for each work element and for the total job.

Work Element    Mean Observed Time (mins)      Performance Rating Factor
1                                        1.20                                            0.95
2                                        1.00                                            0.85
3                                        0.80                                            1.10
4                                        0.90                                            1.10

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