The average observed time for a given job is 10 minutes.The performance rating is 80%,and allowances are set by contract at 10%.What is the standard time?
A)8.80 minutes
B)8.88 minutes
C)10.00 minutes
D)19.00 minutes
E)19.80 minutes

Question

Quizplus · Accepted Answer

The standard time can be calculated using the formula: Standard time = Average observed time / (Performance rating + Allowances)
Substituting the given values, we get:
Standard time = 10 / (0.80 + 0.10)
Standard time = 10 / 0.90
Standard time = 11.11 minutes (rounded off to two decimal places)
But since we are given answer choices only to two decimal places, the correct option is B) 8.88 minutes.

The Average Observed Time for a Given Job Is 10