Scenario 2.5 A Job Consists of Three Distinct Work Elements That Were

question 131

Multiple Choice

Scenario 2.5
A job consists of three distinct work elements that were timed with a highly accurate Swiss watch by a trained industrial engineer. The engineer recorded ten observations listed in the following table. All recorded times are in seconds.

-Use the data in Scenario 2.5 to answer this question. If the rating factor is 10% for all the elements and the allowance is 15% for the whole process, what is the standard process time for the job?

• A) 110.69 seconds
• B) 82.62 seconds
• C) 109.27 seconds
• D) 95.02 seconds

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since its acquisition.

Worksheet

A worksheet is a document or a digital spreadsheet used for organizing, calculating, and analyzing data, especially for tasks involving financial information or planning.

Unpaid Wages

Amounts due to employees for work performed that have not yet been paid by the employer, representing a liability for the company.

Overstatement

The act of reporting financial data more positively than is accurate, leading to a portrayal of a stronger financial position.