Question: Please answer this question. 1. A home insurance application consists of two forms: F1, which relates to the home owner, and F2, which relates to

Please answer this question.
1. A home insurance application consists of two forms: F1, which relates to the home owner, and F2, which relates to the property. On receipt, each application is processed, recorded, and separated into F1 and F2. This operation requires 10 minutes. F1 requires Activity A for 15 minutes per unit and then Activity B for 10 minutes per unit. F2 requires Activity C for 20 minutes per unit. F1 and F2 are then combined and further processed by a loan officer for 15 minutes. All the times mentioned represent flow time at the various activities, and include the effects of waiting. Activity A Activity B F1 Process And Separate Loan Officer F2 Activity 1-1. What is the flow time of this process? (4 points) 1-2. Identify the critical path (4 points) 1-3. By further observations, it is found out that if wait times and other wastes are taken out of this process, Activity A and Ceach can take only 10 minutes per unit, and the Loan Officer Step can also take 10 minutes instead of 15. Calculate the theoretical flow time, and the flow time efficiency. (4 points)Step by Step Solution
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