BCCM Force AC Homework 10 Chapter 13 Menu O torta Help Sove 4 Submit 3 25 Executive Solutions is a strategy consulting firm Other than the senior leadership who manage the tom, 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 biled to clients at a rate of $920 per hour and staff at a rate of $460 per hour Managers are paid $245 per hou worked including nonbatable time and staff are paid $135 per hour The current plan coils for managers to bill 1,220 hours in May and 770 hours in June Staff are expected to be 6.440 hours in May and 4,540 hours in June Managers will work a total of 2,440 hours in both months and staff will work a total of 9640 hours in both months Other monthly costs all fixed) are $551000 SG&A $226.000 n depreciation, and $351000 in marketing Required: Prepare a budgeted income statement for Executive Solutions for May and June reli EXECUTIVE SOLUTIONS Budited Income Statement June Slove Managers ST Totale Expense Manager compensation Sutcomes Tal compensation DGSA Down Marketing TA income