An Operation in a Television Factory Has an Average Observed

question 41

Essay

An operation in a television factory has an average observed time of 6 minutes.The performance rating of the worker timed was estimated at 90%.Practice in this department is to provide 8% for allowances.
a.Find the normal time for the operation.
b.Compute the standard time for the operation.
c.Recompute the standard time if an additional fatigue allowance of 8% is factored in.

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Definitions:

Base Year

A specific year against which economic or financial data is compared to measure changes in prices, outputs, or other economic indicators over time.

Consumer Price Index

An indicator assessing the mean fluctuation over time in the expenses borne by city dwellers for a designated assortment of consumer products and services.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, often expressed as a percentage.

Base Year

A reference year against which economic growth, price levels, and other data are measured over time.