oPERATION MANAGEMENT Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following tableObservation (minutes per cycle)2340.40.70.80.80.40.61.92.0TaskElement12E123434105959080PerformanceRating105%95%90%80%Element Performance Rating0.50.60.51.6.The allowances for tasks such as this are personal, 6%; fatigue, 12%; and delay, 3%.a) The normal time for the complete operation = minutes (round your response to two decimal places)Please copy and paste data from text area below.Selected delimiter: Tab0.40.80.41.910.50.60.51.610.70.80.62.020.40.70.61.630.30.70.61.60.40.740.61.6X50.30.70.61.6

Production is the combination of the inputs to have the required output. It includes various tools,…

Answered: The allowances for tasks such as this…

The allowances for tasks such as this are personal, 6%; fatigue, 12%; and delay, 3%. a) The normal time for the complete operation = minutes (round your response to two decimal places)

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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The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ 8,400 $ 23,600 $ 45,000 $ 123,600 $ 26,925 $ 150,000 $ 59,000 $ 75,000 $ 80,000 $ 105,000 $ 56,000 $ 23,675 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. f. Monthly expenses are as follows:…
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