Problem 2 You have received the following data involving the drilling of multiple holes in a part by a worker in your department. Each element includes the necessary alignment and manual drilling of the part. Data were collected in a time study caried out by the Industrial Engineering department. Times are expressed in minutes: Work Element observation observation observation observation 1 2 3 4 Average Perf. Rating 1 1.50 1.45 1.57 1.48 .90 2 1.24 1.27 1.26 1.23 1.3 3 .70 .68 .67 .68 .75 4 2.57 2.53 2.54 2.56 1.1 5 .30 .31 .29 .30 .8 Your department is scheduled for one 8-hour shift, 5 days per week and workers are given a daily allowance of 80 minutes for personal time and other contingencies. Contractually daily standards are calculated as the normal time divided by 1- % allowance. Average hourly salary in the department is $15.00 per hour. Historically scrap on this part has been averaging about 6%. Daily department downtime for maintenance and cleaning averages 5%. A. Calculate the standard time to produce one part based on the above time study information. Express your Standard in Units/Hour. B. You are told that the schedule calls for 900 units per day in the foreseeable future. How many workers are needed to achieve this schedule? Consider all factors stated in the problem. C. What is the weekly nominal capacity of one worker who works at an efficiency of 110%? Consider all factors stated in the problem. D. Given that direct material is $9.15 per unit and fixed cost (overhead) is assessed at 150% of the sum of direct labor cost and direct material cost, what it the standard cost of this product