What is the implied utilization rate for the administrative support person and junior accountant?

(Valley Forge Income Tax Advice) VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statements. Every December, VF sends out a short survey to their customers, asking for the information required for prepar- ing the tax statements. Based on 24 years of experience, VF categorizes their cases into the following groups: Group 1 (new customers, easy): 15 percent of cases Group 2 (new customers, complex): 5 percent of cases Group 3 (repeat customers, easy): 50 percent of cases Group 4 (repeat custoiners, complex): 30 percent of cases Here, "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 which activities need to be carried out) depend on which group a tax statement falls into. All of the following processing times are expressed in minutes per income tax statement. . Review by Senior Accountant Group Preparation Writing 1 2 3 4. Filing 20 40 20 40 Initial Meeting 30 90 No meeting No meeting 120 300 80 200 20 60 5 30 50 80 30 60 . . The activities are carried out by the following three persons: Administrative support person: filing and writing. Senior accountant (who is also the owner): initial meeting, review by senior accountant. Junior accountant: preparation. Assume that all three persons work eight hours per day and 20 days a month. For the following questions, assume the product mix as described above. Assume that there are 50 income tax statements arriving each month