standard completion time

The total amount of hours and minutes required to finish a job given the standard production rate. Before 5% of the job is completed, standard completion time is calculated as follows:

Standard Completion Time = Remaining Setup Time + (( Pieces To Go ) / (Standard Rate ))

After 5% of the pieces required have been made, the following formula is used:

Standard Completion Time = (Pieces To Go) / (Standard Rate)

For maintenance jobs, standard completion time is equal to the setup time remaining.