Answer :
Final answer:
The implied utilization rate for the junior accountant is 357%.
Explanation:
To calculate the implied utilization rate for the junior accountant, we need to find the total time spent on 'preparation' and the total available time for the junior accountant.
From the given processing time table, we can see that the junior accountant spends 60 minutes on 'preparation' for Group 3 and 40 minutes on 'preparation' for Group 4.
Since Group 3 accounts for 30% of the cases and Group 4 accounts for 25% of the cases, the total available time for the junior accountant can be calculated as:
Total available time = (30% * 60 minutes) + (25% * 40 minutes)
= (0.3 * 60 minutes) + (0.25 * 40 minutes)
= 18 minutes + 10 minutes
= 28 minutes
Therefore, the implied utilization rate for the junior accountant can be calculated as:
Implied utilization rate = (Total time spent on 'preparation' / Total available time) * 100
= ((60 minutes + 40 minutes) / 28 minutes) * 100
= (100 minutes / 28 minutes) * 100
= 357.14%
Rounding to the nearest whole number, the implied utilization rate for the junior accountant is 357%.
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