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The journal entry process requires the review, approval and input of a company's business transactions in the General Ledger. In one fim, transactions are to
The journal entry process requires the review, approval and input of a company's business transactions in the General Ledger. In one fim, transactions are to be entered in the Ledger at an average rate of 1 hour. The following table provides information about the process. Only one person is needed to perform each step Process Step Avg. Time to Perform Step Number of Personnel (per entry) Available Review Approve Input 3 min Smin 5 min a.) Find the capacity of the process and identify the bottleneck stop ii) Find the raw process time. 1) Find the throughput of the process b. On average, there are transactions in process. How long, on average, does a traction spend in the system? c. Up to now, two full-time managers have been responsible for approving entries. The firm is experimenting with a computerized approval process. The computer program runs in batch mode at the beginning of each bor day, and is completed almost instantly. Transactions continue to arrive at the rate of 10 hour during the hour day. You may assume that rivals are distributed uniformly throughout the day d. How will the computerized process affect the time in system? The number in sen? The throughput Describe the impact as precisely as you can
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