Response to the following problem:
Prakesh Company has the following data for one of its manufacturing cells:
Maximum units produced in a month: 50,000 units
Actual units produced in a month: 40,000 units
Hours of production labor in one month: 10,000 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).