You\'re company is bidding on a contract and you\'ve been tasked to develop a st

Question

You're company is bidding on a contract and you've been tasked to develop a standard time for a significant task. You talked with the individuals performing the task and monitored their performance over six performances of the task. You've collected the following minutes per cycle information. Cycle 1: 2.5 minutes, cycle 2: 2.8 minutes, cycle 3: 3.1 minutes, cycle 4: 8 minutes, cycle 5 2.7 minutes and cycle 6 3 minutes. You have a performance factor of .9 and an allowance fator of 12. Which of the following is your standard time for the task? (round average observed time to one decimal place)

A) 4.16 minutes

B)3.33 minutes

C)2.52 minutes

D)3.15 minutes

Explanation / Answer

Average observed time = (2.5+2.8+3.1+8+2.7+3)/5 = 3.7 minutes  

Normal time = Average observed time * Performance rating = 3.7*0.9 = 3.33 minutes

Allowance factor is less than 1 . so we consider that it is 0.12 and not 12

Standard time = Normal time / (1 - Allowance factor) = 3.33 / (1-0.12) = 3.78 minutes

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