Comment on the following: At any given instant, the standard times for many jobs will not be

Question:

Comment on the following: “At any given instant, the standard times for many jobs will not be strictly correct.”
a. Why is this so?
b. Does this mean that those standards are useless? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management

ISBN: 978-0078024108

12th edition

Authors: William J Stevenson

See More Books

Question Posted: Dec 30, 2014 06:54 AM

See More Questions

Why do firms issue stock dividends? Comment on the following statement: I have a stock that promises to pay a 20 percent stock dividend every year, and therefore it guarantees that I will break even...
Comment on the following statement: while engagement letters are useful for audit engagements, they are not necessary for compilation and review engagements.
Comment on the following statement: Inflationary and recessionary gaps are nothing to worry about because the economy has a built-in mechanism that cures either type of gap automatically.
The following are selected 2023 transactions of Ayayai Corporation. Sept. 1 Oct. 1 1 Purchased inventory from Indigo Ltd. on account for $47,200. Ayayai uses a periodic inventory system. Issued a...
What is the difference between a closed-loop control system and an open-loop control system?
Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power.
Suppose you buy a new home and finance $90 \%$ of the price with a mortgage from a bank. Suppose that a few years later the value of your home falls below your mortgage balance and you decide to...
Techno Inc. intends to invest in one of two competing types of flexible manufacturing systems: FLEX-1K and FLEX-2Z. Both systems have a project life of 10 years. The purchase price of the FLEX-1K...
h. A U.S. Treasury note with a face value of $1000 pays interest semiannually at matures in three years. If the coupon rate is 4% and the bond equivalent yield is 5%, find the price of the note.
Carter Company manufactures two products, Deluxe and Regular, and uses a traditional twostage cost allocation system The first stage assigns all factory overhead costs to two production departments,...
Name some reasons why methods analyses are needed. How is methods analysis linked to productivity improvements?
What is work sampling? How does it differ from time study?
What are some challenges to effective recruiting?
In the few years before the Eurozone crisis, the real effective exchange rates (REERs) of countries in southern Europe (such as Greece and Spain) relative to the German REER added to the problems...
What Financial Tools and Applications could we use to analyze Yelp Inc?
Go to the Nareit website and navigate to the REIT Data section of the website. Download an appropriate dataset and conduct a comparative analysis of REITs relative to equity investment. That is,...
FINC 560 M6 Discussion What is Capital Structure? https://www.youtube.com/watch?v=PFeKjX9Dt1s The video mentions debt covenants. Identify another debt covenant not suggested in the video, and state...
What Finance literature sources can i review when looking it mortgage finance and performance of commercial banks ?
Juliet B., a partner in Stamp & Hoppit, Registered Auditors, receives a telephone call from the CEO of Chateaubriand Ltd which runs a chain of restaurants and bars. They wish to appoint Stamp &...
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
Describe the rationale underlying the technique of an electrophoretic mobility shift assay.
In a job shop, effective capacity is only 50 percent of design capacity, and actual output is 80 percent of effective output. What design capacity would be needed to achieve an actual output of eight...
A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $ 9,200 per month and...
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been...
Miller's Hardware plans on saving $40,000, $50,000, and $58,000 at the end of each year for the next three years, respectively. How much will the firm have saved at the end of the three years if it...
Wizmo technologies is producing a new kids watch, an electronic gadget for kids to stay connected with their parents. The project requires an initial investment in plant and equipment of 6 million....
Case Study: XYZ Manufacturing Co. Background: XYZ Manufacturing Co. is a mid-sized manufacturing company that produces electronic components. The company has been in operation for several years and...

Comment on the following: At any given instant, the standard times for many jobs will not be

Question:

Step by Step Answer:

a At any given time standard times for many jobs will not be strictly correct b...View the full answer

Operations Management

Students also viewed these Management Leadership questions