Establish the money rate per 100 pieces from the following data Cycle time (averaged measured time): 1.23 minutes Base rate: $8.60 per hour Pieces per cycle: 4 Machine time (power feed): .052 minutes per cycle Allowance: 17% on effort time; 12% on power feed time Performance rating: 88%
Establish the money rate per 100 pieces from the following data Cycle time (averaged measured time): 1.23 minutes Base rate: $8.60 per hour Pieces per cycle: 4 Machine time (power feed): .052 minutes per cycle Allowance: 17% on effort time; 12% on power feed time Performance rating: 88%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Establish the money rate per 100 pieces from the following data
Cycle time (averaged measured time): 1.23 minutes
Base rate: $8.60 per hour
Pieces per cycle: 4
Machine time (power feed): .052 minutes per cycle
Allowance: 17% on effort time; 12% on power feed time
Performance rating: 88%
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