Question: The Arkade Company is considering switching to a 15 percent allowance based on time worked. Calculate the new standard time for each work element and for the total job. The frequency equals 1 for all work elements. (Round your answers to 3 decimal places, the tolerance is +/-0.001.)
Work Element Mean Observed Time (Minutes) Perfomance Rating Factor Standard Time
1. 1.20 0.95
2. 1.00 0.85
3. 0.80 1.10
4. 0.90 1.10