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(Valley Forge Income Tax Advice) VF is a Small accounting finn supporting Wealthy individuals in thur prcpzration of annual income tax statemenis. Every December,
(Valley Forge Income Tax Advice) VF is a Small accounting finn supporting Wealthy individuals in thur prcpzration of annual income tax statemenis. Every December, VF sends out a short survey to their customcn;, asking tar the information required propm- ing [he lax slalemenis. Based on 24 years 01' experience, VF categorizes their cases Into 'he follo groups: Group I (new customers. easy): 15 of cases Cirnup 2 trew cusromers, complex): Vercent Of c&ses Group (repeat Customers, easy): 50 percent of cases Group 4 (rcpcat customers, complex): 30 or cases I "easy" versus "compleh" thc eomplcxity of the customer' s earning suualion. [n order 10 prepare the income tax statement, VF needs to complete following 01 Hctivities.PzocessLng cvcn which activities need to be carried depend un which nup a tax statement lulls into. All of the processing times are expressed Croup Filing 20 Initial Meeting ND meetirp; No meeting Preparation Review by Senior Accountant Writi ng 80 The activities are carried out hy the Ing thnx persons: Admimstratlvc support person: fring and writing. Senior accountant (who is also the cp,vner): initial meeting, review-loy senior accountant. Junior uccuu:llaiil: prepdnuiOIL. Assnme that all three persons wnrk eight bours per day and 20 Clays a month. For thc following questions, assume thc product mix as described above. Assume that 50
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