Savita A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles areshown in the following table.Element1234PerformanceRating90%9095105Element123410.531.530.881.13OBSERVATIONS (minutes per cycle)Click here for the Excel Data File230.580.481.531.480.88 0.781.181.13540.48 0.481.481.480.83 0.881.181.18a. Determine the average cycle time for each element. (Round your answers to 3 decimal places.)Average cycle60.481.530.831.23 b. Find the normal time for each element. (Round your answers to 3 decimal places.)Element1234c. Assuming an allowance factor of 23 percent of job time, compute the standard time for this job. (Round your answers to 3 decimalplaces.)Element12Normal time34Standard time

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A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table. Element 1 2 3 Performance Rating 90% 90 95 105 Element 1 2 3 1 0.53 1.53 0.88 1.13 OBSERVATIONS (minutes per cycle) 3 5 0.48 0.48 0.48 1.48 1.48 1.48 0.88 0.78 0.88 0.83 0.83 1.18 1.13 1.18 1.18 1.23 2 0.58 1.53 Click here for the Excel Data File a. Determine the average cycle time for each element. (Round your answers to 3 decimal places.) Average cycle 6 0.48 1.53

A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table. Element 1 2 3 Performance Rating 90% 90 95 105 Element 1 2 3 1 0.53 1.53 0.88 1.13 OBSERVATIONS (minutes per cycle) 3 5 0.48 0.48 0.48 1.48 1.48 1.48 0.88 0.78 0.88 0.83 0.83 1.18 1.13 1.18 1.18 1.23 2 0.58 1.53 Click here for the Excel Data File a. Determine the average cycle time for each element. (Round your answers to 3 decimal places.) Average cycle 6 0.48 1.53

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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