Current Attempt in Progress

Five experienced business professionals operate their own consulting firm to help other businesses improve their operations. If the firm would like to generate an operating income of $$29,700$ per year, how many billable hours do they need to provide, given the information shown below?

Variable costs

$$54/$hour

Capacity costs

$$116,000$

Other SG&A expenses

$$47,000$

Selling price

$$95/$hour

Billable hours hours