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Second Republic bank is lending company that operates in the southeast United States current economic conditions have kept lending rates low which limit the revenue
Second Republic bank is lending company that operates in the southeast United States current economic conditions have kept lending rates low which limit the revenue potential for second Republic the bank manager Vivian Caldwell is concerned about understanding and then controlling cost and she decide to try out time driven ABC as a pilot she decided to focus on understanding the cost of taking customer loan application VivKnew that it took longerto collect applicant information for mortgage and it did for other types of loans like auto loans are unsecured loans but did not know the cost difference so she collected the following information for a regional branch office there are too long application specialist each earning$ per year Vivian determined that fringe benefits average of salary and that the office support cost for an employee computer office space in that regional branch average $ per employee factoring in time off for vacations time spent on training other required test of specialist hat : available to collect applicant information
Determine the cost per minute available to collect loan applicant information
Determine the avaerage TDABC cost of collecting applicant information for each of the three types of loans
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