WeeBee Company has three assembly labor dassifications: 5-1, S-2, and S-3. The three dassifications are paid $16, $19, and $22 per hour, respectively. The assembly activity for a product uses an S-2 employee who performs that task in 24 minutes. To reduce the activity cost per unit, a product engineer proposes using a low rated employee who can perform the assembly in 21 minutes. A manager proposes using a lower-rated employee who can perform the assembly in 30 minutes Which of the following provides the most cost-effective solution? a. use the S-2 employee
b. use either the 5-1 or 5-3 employee
c. use the S-3 employee
d. use the S-1 employee

b.use the S-2 employee

Explanation:

Calculation for the the most cost-effective solution

S-1S-2S-3

Time for 1 unit (in minutes)302421

Units in 1 hour 22.52.857142857

(60/30= 2)

(60/24=2.5)

(60/21=2.857142857)

Wages per hour $ 16.00$ 19.00$ 22.00

Wages per/ unit $ 8.00 $7.60 7.70

($ 16.00/2=$8)

($ 19.00/2.5=$ 7.60)

($ 22.00/2.857142857=$ 7.70)

Ranking

S-1$ 8.00 III

S-2. $7.60 I

S-3 7.70 II

Therefore based on the above Calculation the most cost-effective solution will be to use the S-2 employee

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; burned it;