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Consider a production line with five stations. Station 1 can produce a unit in 9 minutes. Station 2 can produce a unit in 10 minutes. Station 3 has two identical machines, each of which can process a unit in 12 minutes (each unit only needs to be processed on one of the two machines) . Station 4 can produce a unit in 11 minutes. Station 5 can produce a unit in 8 minutes. Which station is the bottleneck station?
Fair Labor Standards Act
United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.
Overtime Earnings
The additional compensation paid to employees for hours worked in excess of the standard workweek hours, often calculated at a higher rate.
FICA-OASDI
The portion of the Federal Insurance Contributions Act tax that funds the Social Security program, covering retirement, disability, and survivors' benefits.
Payroll Taxes
Taxes imposed on employers and employees, based on the wages the employer pays to the employees.
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