A Brake System Installer in an Auto Factory Has an Actual

question 52

Essay

A brake system installer in an auto factory has an actual average time of 10 minutes on her task. The performance rating of the worker timed was estimated at 110%. Practice in this department is to allow 9% for the constant allowances. There is currently no variable allowance.
a. Find the normal time for the operation.
b. Compute the standard time for the operation.
c. Recompute the standard time if a variable allowance of 7% is factored in.

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Definitions:

Asset Securitization

The process of pooling various types of contractual debt such as mortgages, and selling their related cash flows to third party investors as securities.

Investment Choices

The various options available to investors for allocating their funds, including stocks, bonds, real estate, and mutual funds.

Returns

The profit or loss generated on an investment over a specific period.

Credit Default Swaps

Credit default swaps are financial derivative contracts that transfer the risk of default on a debt from one party to another, with the buyer of the swap making payments to the seller and receiving compensation if the debt instrument defaults.