A Task Involves Positioning Two Metal Parts with a Rubber

question 28

Essay

A task involves positioning two metal parts with a rubber gasket sandwiched between them,inserting two bolts into predrilled holes,threading a nut onto each bolt,and tightening each bolt with a pneumatic wrench.In a preliminary study,the manager observed one of his workers performing this task five times.The observations were made in an air-conditioned,well-lit training facility,at ground level,with all tools and equipment clean and readily available.
a.What is the average observed time for this task?
b.What is the normal time for this task if the employee worked at a 10% slower pace than is typical for adequately trained workers?
c.What is standard time for this task if allowances sum to 14%?

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Definitions:

Orderly Transaction

A transaction executed in an organized manner where both buyer and seller have access to all pertinent information and neither is under undue pressure.

Form 10-K

An annual report required by the U.S. Securities and Exchange Commission that gives a comprehensive summary of a company's performance.

Value-Relevance

The usefulness of financial information in affecting investors' decisions, including how changes in financial statement measures (like earnings and book values) impact stock market values.

Quality

The degree of excellence of a product, service, or process, often measured against standards or customer expectations.