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Lynn and Paul, partners in a systems consulting firm

Price: $2.50


P9-3 Lynn and Paul, partners in a systems consulting firm, budgeted the following professional labor hours for the year ended December 31, 2008:
Partners………………4,000
Associates……………14,000
Staff………………….22,000
Partners have a billing rate of $225 per hour and actually earn $110 per hour. Associates bill out at $140 per hour and earn $85 per hour. Staff has a billing rate of $95 per hour and earns $55 per hour.
Required:
1. Prepare a revenue budget
2. Prepare a professional labor budget

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