The Sunshine National Bank has a mortgage loan office with conversion cost of $73,950 per month. The five employees each work 170 hours per month. Last month, 1,020 loan applications were processed, but the staff believes that system improvements could lead to the processing of as many as 1,700 per month.
-Refer to the Figure.Calculate the following:
A. Actual cycle time in minutes
B. Theoretical cycle time in minutes
C. Actual velocity per hour
D. Theoretical velocity per hour

Question

The Sunshine National Bank has a mortgage loan office with conversion cost of $73,950 per month. The five employees each work 170 hours per month. Last month, 1,020 loan applications were processed, but the staff believes that system improvements could lead to the processing of as many as 1,700 per month.
-Refer to the Figure.Calculate the following:
 A. Actual cycle time in minutes
B. Theoretical cycle time in minutes
C. Actual velocity per hour
D. Theoretical velocity per hour

Quizplus · Accepted Answer

The Answer of The Sunshine National Bank has a mortgage loan office with conversion cost of $73,950 per month. The five employees each work 170 hours per month. Last month, 1,020 loan applications were processed, but the staff believes that system improvements could lead to the processing of as many as 1,700 per month.
-Refer to the Figure.Calculate the following:
 A. Actual cycle time in minutes
B. Theoretical cycle time in minutes
C. Actual velocity per hour
D. Theoretical velocity per hour

The Sunshine National Bank Has a Mortgage Loan Office with Conversion