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There are many benefits to timing your practice, including:
If you exclude the essays, transcripts, and recommendation, basically all you have left is filling up the application form. I would say 1 hour per form on average, at a very leisure pace + 2 rounds of checking.
BUT it is those things that you exclude that are more critical in your application process.
Application = 20 min
Essays = 30 min - 1hr if you can write as fast as I can...
30 minutes to cut the words from your good piece of writing to make it fit the stupid max word constraints
Many more hrs to get your editors to read and send you back the errors...
And Finally many agonizing hrs waiting for an interview request in your inbox and maybe a few hrs deciding what day you are going to take off from work to drive the hundreds of miles to your school to interview!
The thing is, its very different for the FIRST app than for the SECOND.
The first one:
It took me five or six phone calls and probably a good couple of days to gather exact dates of employment, salaries and bonuses for each job. All told, I probably spent an hour on the phone just getting this information.
Another hour filling out the self reported transcripts. Another 20 minutes veryfying data. Another 10 double verifying.
A half hour looking up course names and transcirbing full names in place of "ENG ANALY 1".
Another 10 minutes calculating each years GPA.
Another 20 verifying that calc.
15 minutes getting parent's information (titles, and degrees)
10 minutes deciding whether to pick "Financial Services" for "category" another 10 aligning all of them equally (so that similar jobs dont get filed under different categories)
An hour figuring out contact information for all my extracurriculars, hours, confirming exact "titles" etc.
An hour figuring out dates of involvement for each of my undergrad extracurriculars and and confirming that they seem right (that is im not saying I had 80 hours a week of extracurriculars).
At least two hours reviewing the application for complete data and exactly correct information.