Textbook Problem

Use the following information for Brief Exercises 11-23 and 11-24:

Theta Company has the following data for one of its manufacturing plants:

Maximum units produced in a quarter (3-month period): 400,000 units Actual units produced in a quarter (3-month period): 375,000 units Productive hours in one quarter: 20,000 hours

11-23 (Appendix 11A) Calculating Cycle Time and Velocity

Refer to the information for Theta Company above.

Required:

Compute the (1) theoretical cycle time (in minutes), (2) actual cycle time (in minutes), (3) theoretical velocity in units per hour, and (4) actual velocity in units per hour. (Round units to the nearest whole unit.)