A Job Had an Observed Time of 5 Minutes,a Performance

question 131

Multiple Choice

A job had an observed time of 5 minutes,a performance rating of 0.80,and an allowance proportion of 10 percent of job time.Twenty-five cycles were timed.Normal time for the job in minutes is:

• A)3.6
• B)4.0
• C)4.4
• D)4.5

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Definitions:

Production Budgets

Financial plans that outline the expected production costs based on projected sales and inventory requirements.

Participatory Process

A decision-making approach that involves input and active involvement from all stakeholders or group members.

Budgeting

The process of creating a plan to spend your money over a specified period, outlining projected income and expenses.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specified period, helping manage cash flow and liquidity.