Amethods and measurements analyst for timepiece, inc., needs to develop a time standard for the task of attaching a watch to a wristband. in a preliminary study, he observed one of his workers perform this task five times, with the following results:

observation 1 2 3 4 5
time (seconds) 27 19 20 21 13
1. what is the observed time for this task?

2. what is the normal time for this task if the employee worked at a 20 percent faster pace than average?

3. what is the standard time for this task if the employee worked at a 20 percent faster pace than average and an allowance of 20 percent of job time is used?

Check the following calculations

Explanation:

1. Observed Time for the task,

OT = Sum of Task Times / Total Number of Observations = (27 + 19 + 20 + 21 + 13) / 5 = 20 seconds.

2. Performance Rating, PR = 120% = 1.20

Normal time for the task, NT = Observed Time for the task (OT)  Performance Rating (PR) = 20 x 1.20 = 24 seconds.

3.  Performance Rating, PR = 120% = 1.20

Allowance for the task, Allowance = 20% = 0.20 (based on job time).

Standard time for the task

ST = Normal Time for the task (NT) * (1 + Allowance) = 24 x (1 + 0.20) = 28.8 seconds.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; capital structure decision;