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A worker rated as 115% efficient was observed to have completed 14 cycles of a job in 20 minutes (without allowances) . If an allowance of 15% is made for idle time, breakdowns, etc., what is the
Standard production time per unit?
Inputs Required
The resources, such as labor, materials, and capital, that are necessary for the production of goods or services.
Marginal Product
The additional output that is produced by using one more unit of a particular input.
Total Product
The overall amount of products or services generated by a company during a specified timeframe.
Average Product
The output per unit of input, calculated by dividing total output by the total quantity of input.
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