Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in thefollowing table.TaskElement1234PerformanceRating110%95%80%85%10.4460.6Observation (minutes per cycle)2341000738580.30.80.50.5to ao co in1.80.80.51.6The allowances for tasks such as this are personal, 8%; fatigue, 10% ; and delay, 3%.a) The normal time for the complete operation = minutes (round your response to two decimal places).b) The standard time for this process = minutes (round your response to two decimal places).0.80.50.50.41.71.950.50.60.51.4

Normal Time: The average time a worker takes to perform a task, weighted by their performance…

Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 110% 95% 80% 85% 1 0.4 0.6 0.5 1.6 Observation (minutes per cycle) 2 3 4 0.3 0.8 0.5 1.8 0.5 0.8 0.8 1.9 0.5 0.5 0.4 1.7 The allowances for tasks such as this are personal, 8%; fatigue, 10 % ; and delay, 3%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). 5 0.5 0.6 0.5 1.4

Latisha Simmons, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. Task Element 1 2 3 4 Performance Rating 110% 95% 80% 85% 1 0.4 0.6 0.5 1.6 Observation (minutes per cycle) 2 3 4 0.3 0.8 0.5 1.8 0.5 0.8 0.8 1.9 0.5 0.5 0.4 1.7 The allowances for tasks such as this are personal, 8%; fatigue, 10 % ; and delay, 3%. a) The normal time for the complete operation = minutes (round your response to two decimal places). b) The standard time for this process = minutes (round your response to two decimal places). 5 0.5 0.6 0.5 1.4

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 7CE: Golding Bank provided the following data about its resources and activities for its checking account...

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