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TIME ANALYSIS ASSIGNMENT
For this assignment, use the Excel worksheet that I upl
TIME ANALYSIS ASSIGNMENT
For this assignment, use the Excel worksheet that I uploaded to Canvas in the first module. Download worksheet that I uploaded to Canvas in the first module.You are also free to use a time tracking app that allows you to export the data or create pie charts.
The purpose of this assignment is to 1) show you what you would have to go through if you were actually being rational, logical, and calculating, 2) to help you see that the market cost of a product/service/activity doesn’t actually represent its true cost to you, 3) to help you understand and apply the concept of opportunity costs in your decision-making, and 4) to help become a better consumer.
For this assignment, you are to keep track of all your time and what you spent it on starting from the first day of class. You can use Excel or an app that allows you to export your time use into Excel or create pie charts. There are a number of apps available – you may have to pay for them. You are asked to analyze your time use and to calculate how much it is costing in you, in direct and indirect costs, to do each activity that you engage in. You are to do two pie charts. The following pie charts are just an example. If you simply replicate the example you are not going to do well, I purposely excluded several things so that I know whether you kept track of your time.
First Pie Chart
First pie chart should identify how many hours you spent on each activity you did from the first day of class to a week before the project is due. See syllabus for what the pie chart should look like.
Second Pie Chart
The second pie chart will show how much each activity costs you to do taking into consideration direct and indirect costs. ee syllabus for what the pie chart should look like.
For example, suppose you went to the mall three times. To show how much going to the mall cost you, you would calculate the cost of the trip to the mall as follows:
Travel Time ((Wear & Tear (round trip 20 miles x .625= $12.50) + Time (Round Trip 2-hour x $10 hourly wage=$20)) x 3 =$97.50
$100 amount spent during each trip x 3 =$300.00
2 hours shopping per visit x 10 x 3 = $60.00
Total amount spent on shopping at mall= $457.50
Use .625 per mile as what it costs you to drive your vehicle one mile.
Formatting, Structure, and Rubric for Time Analysis Assignment
The analysis should be between 3-4 pages in length, 12-point font, Times New Roman, 1-inch spacing margins, and double spaced. It should include an introduction on the purpose of the paper, body discussing the results with the charts, and a conclusion discussing what you learn about yourself by doing this project. You should at least discuss what you learned about how you spend your time and what it is costing you to do the things you do, especially if you are in a relationship or spending time with friends.
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