Answered: An independent accountant is planning…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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An independent accountant is planning to prepare tax returns for six of her clients.
Prior to her actually preparing each return, her secretary checks the client’s file to be
sure all the necessary documentation is there and obtains all the tax forms needed for
the preparation of the return. Based on past experience with the clients, her secretary
estimates that the following times (in hours) are required for preparation of the return
and for the accountant to complete the necessary paperwork prior to filing each return:
Client Secretary Time Accountant Time
1 1.2 2.5
2 1.6 4.5
3 2.0 2.0
4 1.5 6.0
5 3.1 5.0
6 0.5 1.5
In what order should the work be completed in order to minimize the total time
required for all six clients?

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