Response to the following problem:
Lasker Company divided its tool production factory into manufacturing cells. Each cell produces one product. The cordless drill cell had the following data for last quarter:
Maximum units produced in a quarter: 90,000 units
Actual units produced in a quarter: 75,000 units
Hours of cell production labor in a quarter: 30,000 hours
Required:
1. Compute the theoretical cycle time (in minutes).
2. Compute the actual cycle time (in minutes).
3. Compute the theoretical velocity (in units per hour).
4. Compute the actual velocity (in units per hour).