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The normal time for an entire process 155.2 minutes. The allowance factor for this process is set by a union contract and is equal to 14%. What is the approximate standard time for this process?

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Answer: 180.47 minutes

Explanation:

The approximate standard time for a process is calculated by using the following formula,

Standard time = Normal time / (1- allowance fraction)

Standard time = 155.2/(1-0.14)

Standard time = 180.47 minutes

The approximate standard time for this process is 180.47 minutes .

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