Problem 13.25 Question Help Forrester and Cohen is a small accounting firm, managed by Joseph Cohen since the retirement in December of his partner Brad Forrester. Cohen and his 4 CPAS together bil 775 hours per month. When Cohen or another accountant bills more than 155 hours per month, he or she gets an additional "overtime pay of $63.00 for each of the extra hours. This is above and beyond the 55,100 salary each draws during the month. (Cohen draws the same base pay as his employees.) Cohen strongly discourages any CPA from working (billing) more than 240 hours in any given month. The demand for billable hours for the firm over the next 6 months is estimated below Month Estimate of Billable Hours Jan 671 Feb 561 Mar 1 122 Apr 1 342 May 704 June 627 Cohen has an agreement with Forrester his former partner to help out during the busy tax seation, up to 240 hours in any given month if needed for an hourly fee of 130 Cohen will not even consider laying off one of his colleagues in the case of a slow economy He could, however, hire another CPA at the same salary, as business dictates This exercise controly part Mar Apr May June 1,122 1,342 704 627 Cohen has an agreement with Forrester, his former partner to help out during the busy tax season, up to 240 hours in any given month if needed for an hourly fee of $130 Cohen will not even consider laying off one of his colleagues in the case of a slow economy He could, however, hire another CPA at the same salary, as business dictates This is continu only part a Develop an aggregate plan for the 6-month period (entor your responses as whole numbers) Use regular time then overtime, then Forrester and then hire additional CPAS needed Note. For the CPA column, only include Cohen his CP, and any new CPAs he may hire in your tot Do NOT include Forrester Estimate of Month Billable CPAS Reg. time "Overtime Reg. time "Overtime" Forrester Forrester billable hours cost hours COST hours cost Hours Jan 671