A Methods and Measurements Analyst for Timepiece, Inc

question 170

Multiple Choice

A methods and measurements analyst for Timepiece, Inc., needs to develop a time standard for the task of attaching a watch to a wristband. In a preliminary study, he observed one of his workers perform this task five times, with the following results:

What is the standard time for this task if the employee worked at a 20 percent faster pace than average, and an allowance of 20 percent of job time is used?

• A)4.5 seconds
• B)5 seconds
• C)20 seconds
• D)28.8 seconds
• E)100 seconds

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Definitions:

Break-Even

The point at which total revenues equal total costs, resulting in no net loss or gain.

Total Dollar Sales

The aggregate revenue a company generates from the sale of its goods or services before any expenses are subtracted.

Net Operating Income

A company's income from operations, calculated as gross profit minus operating expenses, excluding taxes and interest.

Advertising Budget

The allocation of funds towards promotional activities intended to generate sales and improve market position.