Problem 7-3 A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table. OBSERVATIONS (minutes per cycle) Element 1 2. 3 4 Performance Rating 90% 85 110 100 1 0.44 1.50 0.84 1.10 2 8.50 1.57 3.89 1.14 3 0.43 1.47 0.77 1.08 4 0.45 1.51 0.83 1.16 5 0.41 1.49 0.88 1.16 6 8.46 1.52 0.80 1.26 a. Determine the average cycle time for each element. (Round your answers to 3 decimal places.) Element Average cycle 1 2 3 4 b. Find the normal time for each element. (Round your answers to 3 decimal places.) Element Normal time 1 2. 3 4 c. Assuming an allowance percentage of 13 percent of job time, compute the standard time for this job. (Round your answers to 3 decimal places.) Element Standard time 1 2 3 4