Question: Problem 7-3 (Algo) A time study was conducted on a job that contains four elements. The observed times and performance ratings for su cydies are

Problem 7-3 (Algo) A time study was conducted on a job that contains four elements. The observed times and performance ratings for su cydies are shown in the following table. GESERVATIONS (minutes per cycle) Rating 3 2.32 55 1.32 Performance Dement 1 90% 2 2.42 5 2.32 1 2.37 1.37 0.72 0.97 1.32 4 0.32 1.32 e.67 1.02 ) 4 110 95 8.72 0.62 0.97 0.72 1.02 0.32 1.37 0.67 1.67 Click here for the Excel Data File a. Determine the average cycle time for each element (Round your answers to 2 decimal places.) Avenge cycle Element 1 2 3 4 b. Fond the normal time for each mont (Round your answers to 3 decimal places a. Determine the average cycle time for each element (Round your answers to 3 decimal places.) 1 2 3 4 b. Find the normal time for each element (Round your answers to 3 decimal places.) Normal time Element 1 2 3 4 Assuming an allowance factor of 7 percent of job time, compute the standard time for this job. (Round your answers to 3 decimal places) Standard time 2 2 1

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