3) Given the info below, calculate the loaded hourly labor rate 6 3 0 1 2 3 4 45 Project Mgr $80,000/yr 2080 hours per year Proj Manager worked 40 hours/week for 50 weeks Social security 6,2 % on first $106,800 Medicare 1.45% of all wages FUTA 8% on first $7000 SUTA 4.5% of first $18,000 Workers Comp $7.25 per $100 of General Liability .75% of wages wages + 46 Health insurance $300/mo 47 Retirement $.75 per $1 contributed by emploee on 6% of all wages-company gives 4.5% 48 19

What are the expected average quarterly costs of running a consulting practice if fixed costs are expected to be $4,000 a month and variable costs are expected to be $100 per client for each quarter? Expected number of clients for the year are: Jan - March April - June July - Sep Oct - Dec 110 140 150 100 A. $12,500 B. $24, 500 C. $16, 500 D. $19,500

Yogesh

6. Consider the two ads for an accounting clerk. If you worked 40 hours per week for 50 weeks, how much would each ACCOUNTING CLERK: $18,500 Fast paced CRT, type 60 wpm, benefits, 865-9281. 5640 Southwyck ACCOUNTING CLERK: $16,500/yr Salary "Great company" Full benefits! Interviewing now! Call Polly/Sue 243-2222. company pay per hour? 770EBA MichelleHong noticed than e ay per Copyright The McGraw-Hil

Please explain why it is the right answer.

Roseberg Theater sells tickets for dinner and a show for $60 each. The cost of providing dinner is $31 per ticket and the fixed cost of operating the theater is $65,000 per month. The company can accommodate 15,000 patrons each month. What is the contribution margin ratio?     51.67%     207%     48.33%     40.00%

Chelsea Clinic projected the following budget information for 2020: Total FFS Visit Volume 90,000 visits Payer Mix: Blue Cross Highmark Reimbursement Rates: Blue Cross Highmark Variable Costs Resource Inputs: Labor Supplies Resource Input Prices: Labor Supplies Fixed Costs (overhead, plant, and equipment) 40% 60% $25 per visit $20 per visit 48,000 total hours 100,000 total units $25.00 per hour $1.50 per unit $500,000 a. Construct Chelsea Clinic’s operating budget for 2020. b. Discuss how each key budget assumption might result in a budget variance, and name the variance that would be used to examine results associated with each assumption.

Part I. To recap, W.T.'s planning on the following: Newspaper ad Social media manager Payment collection Gas $120 per month $100 per month; $1 per job scheduled $0.75 per job $4.00 per job Considering his analysis of similar services and to keep things simple, w.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he'll likely need to create different types of "jobs". For example, purchasirg a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We'll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total Computations (10 jobs) Sales $ Less:…