If the Normal Time for a Job Is 30 Minutes

question 3

Multiple Choice

If the normal time for a job is 30 minutes and the allowances for the job include 10 percent for personal needs,5 percent for unavoidable work delays and 3 percent for work fatigue,which one of the following comes closest to the standard time for this job?

• A)14 minutes
• B)24 minutes
• C)32 minutes
• D)35 minutes
• E)38 minutes

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Definitions:

Balance Sheet

A financial statement that shows a company's financial position at a specific point in time by detailing assets, liabilities, and owner's equity.

Cash

Money in the form of coins or banknotes, typically used for transactions.

Fees Earned

Income generated from providing services to clients or customers, often recorded when the service is performed under accrual accounting.

Wages Payable

The total amount of wages that a company owes to its employees for work performed but has not yet paid.