Question: Frank's Fabricators has collected the following information to develop a standard time for producing their high-volume Navigator III, a universal remote control. All of the

Frank's Fabricators has collected the followingFrank's Fabricators has collected the following

Frank's Fabricators has collected the following information to develop a standard time for producing their high-volume Navigator III, a universal remote control. All of the times are in minutes. Element (in Minutes) Observations 1 2 3 4 4 5 6 Cycle 1 1.13 3.03 0.92 1.30 1.46 1.82 Cycle 2 1.10 0.90 1.40 1.66 1.81 Cycle 3 1.17 3.22 0.88 1.41 1.56 1.76 Cycle 4 1.16 0.96 1.33 1.58 1.86 Cycle 5 1.09 3.10 0.93 1.40 1.64 1.87 Cycle 6 1.10 1.04 1.45 1.60 1.84 Rating Factor 1.00 1.20 1.25 1.30 1.10 1.10 Frequency 1.00 0.50 1.0 1.0 1.0 1.0 (c) Your answer is incorrect. Using an allowance factor of 15 percent of job time, calculate the standard time for each element. (Round your answers to 3 decimal places, e.g.,5.123. Do not round your intermediate computations.) ST element 1 = minutes ST element 2 = minutes ST element 3 minutes ST element 4 = minutes ST element 5 = minutes ST element 6 minutes

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