The main purpose of this study is to establish standard times of several manufacturing processes in a small-sized manufacturing company located in Taegu. This company produces two types of products; single parts and part assemblies of bicycles. Due to lack of the standards on daily or hourly production volumes, the production manager could not assign workers daily production volume at the start of production, and could not exercise tight supervision. The standard times established in this study were much less than the average production times found in the daily production report. Based on these standard times, we calculated the number of machines that a worker can operate properly without bringing overload on him, and established a line balanced production system in each manufacturing process to minimize work-in-process inventory.