As Part of a Time Study a Particular Job Was

question 16

Multiple Choice

As part of a time study a particular job was analyzed.The study included 20 job cycles and the following cumulative times and performance rating factors for each element were reported: Assuming an allowance factor of 15%,the standard time for this job would be

• A)4.35 minutes.
• B)3.67 minutes.
• C)2.712 minutes.
• D)2.358 minutes.

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Definitions:

Budgeted Cash Disbursements

An estimate of the total amount of cash an organization plans to pay out over a specified period, including operating expenses and purchase of assets.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet production goals.

Direct Labor-Hours

A measure of the total time workers spend directly manufacturing a product or performing a service.

Direct Labor Rate

The average cost per hour for labor directly involved in the production of goods or services.