Question: I need guidance with this general accounting problem using the right accounting principles. An accountant allocates overhead costs based on billable hours with different clients.

I need guidance with this general accounting problem using the right accounting principles.

I need guidance with this general accounting
An accountant allocates overhead costs based on billable hours with different clients. The accountant expects to have $180,000 in overhead during the year and plans to work on clients' cases for 1,800 hours annually. Additionally, she wants to pay herself $65 per hour for working with clients. Therefore, the accountant's billing rate is the sum of her hourly fee ($65) and a fee to recover the expected overhead spread over 1,800 hours. The accountant doesn't bill all clients based on covering overhead costs and her own salary. Some clients are billed based on performance fees. For performance-based clients, the accountant receives 40% of any tax savings she generates. During the year, the accountant works 1,100 hours that are billable at hourly rates. The remaining hours are worked on a performance basis. The accountant generates $420,000 in tax savings for her performance-based clients, of which she receives 40%. The actual overhead was $195,000. What does the accountant earn during the year after expenses

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