Calculate the new standard time

Assignment Help Management Theories

Reference no: EM131448939

Question: The Arkade Company is considering switching to a 15 percent allowance based on time worked. Calculate the new standard time for each work element and for the total job. The frequency equals 1 for all work elements. (Round your answers to 3 decimal places, the tolerance is +/-0.001.)

Work Element Mean Observed Time (Minutes) Perfomance Rating Factor Standard Time

1. 1.20 0.95

2. 1.00 0.85

3. 0.80 1.10

4. 0.90 1.10

Reference no: EM131448939

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