Consider the Following Time Study Data $\text { Observation Cycles (Actual Time in Minutes) }$

question 8

Essay

Consider the following time study data. $\text { Observation Cycles (Actual Time in Minutes) }$
$\begin{array} { | l | l | l | l | l | l | l | l | } \hline \begin{array} { l } \text { Work } \\\text { Task }\end{array} & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { A } & 0.12 & 0.17 & 0.19 & 0.11 & 0.15 & 0.16 & 0.20 \\\hline \text { B } & 0.91 & 0.95 & 0.97 & 0.88 & 0.86 & 0.80 & 0.94 \\\hline \text { C } & 1.52 & 1.48 & 1.40 & 1.60 & 1.65 & 1.52 & 1.47 \\\hline\end{array}$
a. If the performance rating factor for A = 1.15, B = 1.0, and C = 0.85, determine the normal time for the job.
b. If personal allowance is 7 percent, fatigue allowance is 12 percent, personal delay allowance is 9 percent, and avoidable delay is 4 minutes, determine the standard time for the job.

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Definitions:

Indifference Map

A graphical representation in microeconomic theory of a consumer's preferences, showing different combinations of goods among which the consumer is indifferent.

Total Utility

The complete pleasure or advantage an individual obtains from the consumption of a specific amount of products or services.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford, given their income and the prices of the goods.

Money Income

The overall sum of financial income earned by a person or family, comprising earnings from employment, salaries, and various other income types.