$13-42.$ Executive Solutions is a strategy 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 $$900$ per hour and staff at a rate of $$450$ per hour. Managers are paid $$225$ per hour worked $($including non$-$billable time$)$ ard staff are paid $$125$ per hour. The current plan calls for managers to bill $1,200$ hours in montli of May. Staff are expected to bill $6,400$ hours in month of May. Managers will work a total of $2,400$ hours in May and staff will work a total of $9,600$ hours.

Other monthly costs $($all fixed$)$ are $$550,000$ Selling & Administrative, $$225,000$ in depreciation, and $$350,000$ in marketing.

Question $12$: What is total budgeted revenue for May?

Question $13$: What is total budgeted expenses for May?