A time study was conducted on a job that contains four elements. The observed times and performance ratings for six cycles are shown in the following table. OBSERVATIONS (minutes per cycle) Performance Element Rating: 1 2 3 4 5 6 80% 0.52 0.56 0.46 2 2 75 1.51 1.51 1.46 120 0.86 0.86 0.76 4 105 1.11 1.16 1.11 0.46 0.46 0.46 1.46 1.46 1.51 0.81 0.86 0.81 1.16 1.16 1.21 Click here for the Excel Data File a. Determine the average cycle time for each element. (Round your answers to 3 decimal places.) Element Average cycle 1 2 3 4 b. Find the normal time for each element. (Round your answers to 3 decimal places.) Element 1 Normal time 2 3 4 c. Assuming an allowance factor of 21 percent of job time, compute the standard time for this job. (Round your answers to 3 decimal places.) Element Standard time 2 1 3 4