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A Methods and Measurements Analyst for Timepiece, Inc  Observation 12345 Time (seconds) 2719202113\begin{array} { l r r r r r } \text { Observation } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Time (seconds) } & 27 & 19 & 20 & 21 & 13\end{array}

question 12

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:  Observation 12345 Time (seconds)  2719202113\begin{array} { l r r r r r } \text { Observation } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Time (seconds) } & 27 & 19 & 20 & 21 & 13\end{array} What is the standard time for this task if the employee worked at a 20 percent faster pace than average, and an allowance of 20s percent of job time is used?


Definitions:

Marginal Cost

The augmentation in complete financial commitment resulting from the manufacture of one more unit of a good or service.

Fixed Costs

Costs that remain constant regardless of production or sales volume, including rent, salaries, and insurance fees.

Birthday Cakes

Bespoke or pre-made cakes specifically designed and decorated for celebrating someone's birthday.

Marginal Cost

The escalation in expenses resulting from the creation of one additional unit of a product or service.

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