Question: b) What is the standard time? Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown

b) What is the standard time? Peter Rourke, a

b) What is the standard time?

Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. 5 0.4 Task Element 1 2 3 4 Performance Rating 115% 90% 80% 80% 1 0.4 0.6 0.5 1.4 Observation (minutes per cycle) 2 3 4 0.4 0.7 0.4 0.7 0.7 0.7 0.5 0.8 0.5 1.8 2.0 1.8 0.6 0.4 1.5 The allowances for tasks such as this are personal, 7%; fatigue, 10%, and delay, 4%. a) The normal time for the complete operation = minutes (round your response to two decimal places)

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