The Arkade Company has decided to use a 15 percent allowance factor based on job time. Calculate the standard time for each work element and for the...

The Arkade Company has decided to use a 15 percent allowance factor based on job time. Calculate the 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 +/-0.002.) Work Element Mean Observed Time (minutes) Perfomance Rating Factor ST 1 1.20 0.95 2 1.00 0.85 3 0.80 1.10 4 0.90 1.10 STjob =