Bk consulting is a management consulting firm other than

Assignment Help Accounting Basics

Reference no: EM13567969

BK Consulting is a management consulting firm. Other than the senior leadership (who manage the firm, but do not actively consult), the managers and staff are billed to clients on an hourly basis. The workload varies quite a bit from month to month requiring careful planning.

Managers are billed to clients at a rate of $800 per hour and staff at a rate of $400 per hour. Managers are paid $200 per hour worked (including nonbillable time) and staff are paid $100 per hour. The current plan calls for managers to bill 800 hours in May and 500 hours in June. Staff are expected to bill 4,800 hours in May and 3,000 hours in June. Managers will work a total of 1,600 hours in both months and staff will work a total of 6,400 hours in both months.

Other monthly costs (all fixed) are $500,000 SG&A, $200,000 in depreciation, and $300,000 in marketing.

Required

Prepare a budgeted income statement for BK Consulting for May and June (separately).

Reference no: EM13567969

Questions Cloud

App store co issued 20-year bonds one year ago at a coupon : app store co. issued 20-year bonds one year ago at a coupon rate of 6.1 percent. the bonds make semiannual payments.if

Calculate the total direct labor cost for the quarter if : capriati corporation is working on its direct labor budget for the quarter. each unit of output requires 0.36 direct

Within your assigned collaborative learning community clc : this is a clc assignment.within your assigned collaborative learning community clc complete each of these specific

Construct an example of a transaction between two parties : construct an example of a transaction between two parties. identify what accounts are affected and how changes in those

Bk consulting is a management consulting firm other than : bk consulting is a management consulting firm. other than the senior leadership who manage the firm but do not actively

Sles of 2000000 and had 100000 shares of common stock : jb corporation has a retained earnings balance of 1000000. the company reported net income of 200000 sales of 2000000

The terms of the loan call for daily payments of 97 the : genes art gallery is notoriously known as a slow-payer. the firm currently needs to borrow 27900 and only one company

The nominal interest rate would be 12 with interest paid : you want to buy a car and a local bank will lend you 20000. the loan would be fully amortized over 5 yrs 60 months and

A national beauty salon chain wants to estimate the number : a national beauty salon chain wants to estimate the number of times per year a woman has her hair done at a beauty

User Account

All Pages