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

Problem 7-3 (Algo) A time study was conducted on

Problem 7-3 (Algo) 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) Performance Rating Element 1 2 3 4 85% 80 115 100 1 0.44 1.44 0.79 1.04 2 0.49 1.44 0.79 1.09 3 0.39 1.39 0.69 1.04 4 0.39 1.39 0.74 1.09 5 0.39 1.39 0.79 1.09 6 0.39 1.44 0.74 1.14 Click here for the Excel Data File 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.) Normal time Element 1 2 3 4 C. Assuming an allowance factor of 14 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

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