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Ch15 IndirectStand

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101 views10 pages

Ch15 IndirectStand

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Uploaded by

da
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Chapter 15

Indirect and
Expense Labor
Standards

Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch.15 – INDIRECT AND
EXPENSE LABOR STANDARDS
Key Points:
• Use time studies and PTS to establish
standards for predictable indirect labor
• Use slots to establish standards for
unpredictable indirect and expense labor
• Use work sampling to establish standards for
profession expense labor
• Use queuing theory to find waiting times
• Use Monte Carlo simulation to find delays
Ch.16 2
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
15.1 Indirect and Expense
Labor Standards

Ch.16 3
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch.16 4
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch.16 5
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch.16 6
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch.16 7
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
15.2 Standard Indirect and
Expense Labor Data
Universal Indirect Labor Standards
1) Determine the number of standards
(groups or slots) to do a good job (~20)
2) Determine the numerical standard
representative of each group of
operations contained in each slot
3) Assign the standard to the appropriate
slot of indirect labor work as it occurs
Ch.16 8
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
15.3 Professional Performance
Standards
Ex. Director of Personnel Administration
1) Establish means for identifying quantity/ quality
of company’s human resources
2) Establish procedure for attracting, employing,
retaining employees
3) Establish policies, programs, practices the
facilitate achieving departmental objectives and
maintain morale
4) Administer/maintain company’s benefits program
Ch.16 9
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.
Ch. 15 Summary

Ch.16 10
Copyright {c} 2014 by the McGraw-Hill Companies, Inc. All rights Reserved.

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