An Analyst Using a Time Study Approach

question 59

Multiple Choice

An analyst using a time study approach:

• A) observes the worker at random times, categorizing what he or she is doing at that time.
• B) must rate the performance of the worker on each element of the total task.
• C) divides the total task into micro-motions such as "reach" and "grasp" and then times the worker on each one.
• D) should use all observations in determining the standard, regardless of how irregular they might be, to be fair to the worker.

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Definitions:

Weighted-Average Method

A cost accounting method that calculates the cost per unit of inventory based on the average cost of all similar items in stock, regardless of purchase date.

Mixing Department

It is a section in manufacturing where raw materials are combined or processed together to create a mixture or product, critical in industries like food, pharmaceuticals, and chemicals.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, quantifying them in terms of fully completed units of output.

Weighted-Average Method

The weighted-average method is used in accounting to average cost flows for inventory valuation and cost of goods sold calculation, considering the weighted average of all units available for sale.