What are the strengths and limitations of the time study method when compared to work sampling, and for which applications are each best suited?

What will be an ideal response?

Both are direct observation methods. However, a time study observes several cycles of work elements to determine a time standard, whereas work sampling takes "snapshots" of the facility to determine the percentage of time engaged in an activity. Time studies require experienced analysts, should not be used for tasks that vary each time, and are many times found to be objectionable to workers. Work sampling does not require special training and is generally accepted by workers because it tends to examine activities of the group rather than of the individual. In addition, many work sampling studies can be conducted simultaneously.

Business

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What effect does the issuance of a 2-for-1 stock split have on each of the following? Par Value per Share Retained Earnings

a. No effect No effect b. Increase No effect c. Decrease No effect d. Decrease Decrease

Business

Marlow Company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the first year of its useful life using the double declining balance?

A. $300 B. $2,320 C. $2,720 D. $680

Business