A Brake System Installer in an Auto Factory Has an Actual

question 29

Essay

A brake system installer in an auto factory has an actual average time of 12.5 minutes on her task. The performance rating of the worker timed was estimated at 108%. Practice in this department is to allow 17% 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 21% is factored in.

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Definitions:

Risk-Free Asset

Risk-Free Asset is an investment with no risk of financial loss, often represented by government bonds of stable economies.

Asset Allocation

Allocating a portfolio across broad asset classes such as stocks versus bonds.

Risk-Free Asset

An investment with a guaranteed return and no risk of loss, often exemplified by government bonds of stable countries.

Risky Asset

An investment that holds some risk of losing value, as opposed to a guaranteed or risk-free asset, offering potentially higher rewards in exchange for higher risk.