Operations Management :Time study
As a time-study analyst, you have observed that a worker has produced 40 parts in a one-hour period. From your experience, you rate the worker as performing slightly faster than 100%–so you estimate performance as 110%. The company allows 15% of job time for fatigue and delay. Use excel to show each problem.
A. What is the normal time?
B. What is the standard time?
C. If a worker produces 300 units per day and has a base rate of $10. Per hour, what would the day’s wages be for this worker if the company operates on a piece-rate payment plan?