Q3.6 (Algo) Valley Forge Income Tax [3.6]VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statements. Every December, VFsends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years ofexperience, VF categorizes their cases into the following groups:• Group 1 (new customers, easy): 15 percent of cases• Group 2 (new customers, complex): 10 percent of casesGroup 3 (repeat customers, easy): 50 percent of cases. Group 4 (repeat customers, complex): 25 percent of casesHere, "easy" versus "complex" refers to the complexity of the customer's earning situation.In order to prepare the income tax statement, VF needs to complete the following set of activities. Processing times (and even whichactivities need to be carried out) depend on which group a tax statement falls into. All of the following processing times are expressedin minutes per income tax statement.Group12Filling Initial Meeting203045752535NomeetingNomeetingPreparation Review by Senior Accountant155514031085225The activities are carried out by the following three persons:• Administrative support person: filing and writing.tino toucs535WritingView previous attemptonior accountant60803065Ch b. What is the implied) utilization of the senior accountant? The junior accountant? The administrative support person? (Round theanswers to 3 decimal places.)ResourasAdrinSeniorJuniorInpiedListization04010.1620.785

Implied Utilisation: Implied utilization is the ratio of demand on a task of its capacity. The task…

Answered: Q3.6 (Algo) Valley Forge Income Tax…

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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