A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour Activity Time (minutes) A. Property survey 23 B. Credit report 21 C. Title search 42 D. Final decision 20 Activities B and Care combined together and assigned to two emplayees, while the other two employees are responsible for activities A and D respectively. What is the mortgage office's d
A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour Activity Time (minutes) A. Property survey 23 B. Credit report 21 C. Title search 42 D. Final decision 20 Activities B and Care combined together and assigned to two emplayees, while the other two employees are responsible for activities A and D respectively. What is the mortgage office's d
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 5CP
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![A mortgage service office has the following four activities involved in approving a loan
application. Note that a working day is 8 hours and there are 60 minutes in one hour.
Activity
Time (minutes)
A. Property survey
23
B. Credit report
21
C. Title search
42
D. Final decision
20
Activities B and Care combined together and assigned to two emplayees, while the other
two employees are responsible for activities A and D respectively. What is the mortgage
office's direct labor utilization (DLU) under this setting?
Numbers only (e.g. 0.445 is acce
either round up or down is ok
ble, but NOT 44.5%), keep three decimals if nOt exact.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7b81147-d6f4-403d-b9a0-3aa28e35270c%2Fc58d3179-9ef0-43a2-ab43-22e7b970475c%2Fram6s5m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A mortgage service office has the following four activities involved in approving a loan
application. Note that a working day is 8 hours and there are 60 minutes in one hour.
Activity
Time (minutes)
A. Property survey
23
B. Credit report
21
C. Title search
42
D. Final decision
20
Activities B and Care combined together and assigned to two emplayees, while the other
two employees are responsible for activities A and D respectively. What is the mortgage
office's direct labor utilization (DLU) under this setting?
Numbers only (e.g. 0.445 is acce
either round up or down is ok
ble, but NOT 44.5%), keep three decimals if nOt exact.
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