Second Republic Bank is a lending company that operates in the Southeastern United States. Current economic conditions have kept lending rates low, which limits the revenue potential for Second Republic. The bank manager, Vivian Caldwell is concerned about understanding and then controlling costs, and she decided to try out time-driven ABC. As a pilot, she decided to focus on understanding the cost of taking a customer's loan application. Vivian knew that it took longer to collect applicant information for a mortgage than it did for other types of loans, like auto loans or unsecured loans, but did not know the cost differences, so she collected the following information from a regional branch office. There are two loan application specialists, each earning $55,000 per year. Vivian determined that fringe benefits average 30% of salary and that the office support costs for an employee (computer, office space, etc) in that regional branch averaged $5,300 per employee. Factoring in time off for vacations, time spent on training, and other required tasks, each of the application specialists had 1,600 hours available to collect applicant information. Required: 1. Determine the cost per minute avallable to collect loan applicant information: 2. Determine the average TDABC cost of collecting applicant information for each of the three types of loans. Complete this question by entering your answers in the tabs below. Determine the cost per minute available to collect loan applicant information. (Round your answers to 4 decimat piaces.)Second Republic Bank is a lending company that operates in the Southeastern United States. Current economic conditions have kept lending rates low, which limits the revenue potential for Second Republic. The bank manager, Vivian Caldwell is concerned about understanding and then controlling costs, and she decided to try out time-driven ABC. As a pilot, she decided to focus on understanding the cost of taking a customer's loan application. Vivian knew that it took longer to collect applicant information for a mortgage than it did for other types of loans, like auto loans or unsecured loans, but did not know the cost differences, so she collected the following information from a regional branch office. There are two loan application specialists, each earning $55,000 per year. Vivian determined that fringe benefits average 305 of salary and that the office support costs for an employee (computer, office space, etc) in that regional branch averaged $5,300 per employee. Factoring in time off for vacations, time spent on training, and other required tasks, each of the application specialists had 1,600 hours avaliable to collect applicant information. Required: 1. Determine the cost per minute available to collect loan applicant information: 2. Determine the average TDABC cost of collecting applicant information for each of the three types of loans., Complete this question by entering your answers in the tabs below. Determine t.

1. Second Republic Bank is a lending company that operates in the Southeastern United States.
Current economic conditions have kept lending rates low, which limits the revenue potential for
Second Republic. The bank manager, Vivian Caldwell is concerned about understanding and then
controlling costs, and she decided to try out time-driven ABC. As a pilot, she decided to focus on
understanding the cost of taking a customer's loan application. Vivian knew that it took longer to
collect applicant information for a mortgage than it did for other types of loans, like auto loans or
unsecured loans, but did not know the cost differences, so she collected the following information
from a regional branch office. There are two loan application specialists, each earning $55,000 per
year. Vivian determined that fringe benefits average 30% of salary and that the office support
costs for an employee (computer, office space, etc) in that regional branch averaged $5,300 per
employee. Factoring in time off for vacations, time spent on training, and other required tasks,
each of the application specialists had 1,600 hours available to collect applicant information.
Required: 1. Determine the cost per minute avallable to collect loan applicant information: 2.
Determine the average TDABC cost of collecting applicant information for each of the three types
of loans. Complete this question by entering your answers in the tabs below. Determine the cost
per minute available to collect loan applicant information. (Round your answers to 4 decimat
piaces.)Second Republic Bank is a lending company that operates in the Southeastern United
States. Current economic conditions have kept lending rates low, which limits the revenue
potential for Second Republic. The bank manager, Vivian Caldwell is concerned about
understanding and then controlling costs, and she decided to try out time-driven ABC. As a pilot,
she decided to focus on understanding the cost of taking a customer's loan application. Vivian
knew that it took longer to collect applicant information for a mortgage than it did for other types of
loans, like auto loans or unsecured loans, but did not know the cost differences, so she collected
the following information from a regional branch office. There are two loan application specialists,
each earning $55,000 per year. Vivian determined that fringe benefits average 305 of salary and
that the office support costs for an employee (computer, office space, etc) in that regional branch
averaged $5,300 per employee. Factoring in time off for vacations, time spent on training, and
other required tasks, each of the application specialists had 1,600 hours avaliable to collect
applicant information. Required: 1. Determine the cost per minute available to collect loan
applicant information: 2. Determine the average TDABC cost of collecting applicant information for
each of the three types of loans., Complete this question by entering your answers in the tabs
below. Determine the average TDABC cost of collecting applicant information for each of the three
types of lasns.