As Part of a Time Study,a Particular Job Was Analyzed

question 29

Multiple Choice

As part of a time study,a particular job was analyzed.The study included 20 job cycles and the following cumulative times and performance rating factors for each element were reported: Assuming an allowance factor of 15%,the standard time for this job would be

• A)4.35 minutes.
• B)3.67 minutes.
• C)2.712 minutes.
• D)2.358 minutes.

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Definitions:

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including costs related to direct materials, direct labor, and manufacturing overhead.

Total Factory Overhead Cost

Total factory overhead cost includes all indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of non-direct labor, that are not directly tied to the production of specific goods.

Direct Labor

The labor costs associated with workers who are directly involved in the production of goods or services.

Indirect Labor

The wages paid to employees who are not directly involved in the production of goods, such as supervisors and maintenance workers.