The McDuff Credit Union advertises their ability to quickly process personal loan applications for their members. As seen in Table 11.18, the loan process requires four steps and takes approximately eight working days to complete.
To process a loan, the Credit Union requires accounting clerks, financial analysts and a branch manager. Table 11.19 provides the time required by each employee classification by process level.
Calculate the total hours of each resource that will be required by McDuff’s if the following numbers of final loan approval applications are forecasted by the Credit Union for each working day over the next 12 days.
