Problem 7-3 (Algo) 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 90% 0 . 49 0. 54 0 . 44 0 . 44 0 . 44 0 . 44 85 1 . 49 1 . 49 1 . 44 1 . 44 1 . 44 1 . 49 D WNH 110 0. 84 0 . 84 0 . 74 0. 79 0 . 84 0. 79 95 1. 09 1 . 14 1 . 09 1. 14 1 . 14 1. 19 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 4b. Find the normal time for each element. (Round your answers to 3 decimal places.) Element Normal time 1 2 4 c. Assuming an allowance factor of 19 percent of job time, compute the standard time for this job. (Round your answers to 3 decimal places.) Element Standard time N 4