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W. oufled intormation Systems (MIS) is an IT support firm. Managers and staff are billed...

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Accounting

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W. oufled intormation Systems (MIS) is an IT support firm. Managers and staff are billed to clients on an hourly basis. The senior (Hiunituative staff does not directly provide client support. Because of the clientele of MiS, there is significant fluctuation from month tringith Wonagers are billed to clients af a fate of $900 per hour and staff at a rate of $450 per hour. Managers are paid $410 per hour worked Bniuging nonbillable time), and staff are paid $230 per hour The current plan calls for managers to bill 1,000 hours in November and 200 hours in December. Staff are expected to bill 6.500 hours in November and 5,200 hours in December. Managers will work a tatal At 1520 nours in both months, and staff will work a total of 8.200 hours in November and 8.000 hours in December. Wetiri monthily costs (all fixed) are $760.000 seling. general, and administrative, $160.000 in depreciation, and $270.000 in marketing Required: Prepare a bodgeted income statement for Mansfieid information Systems for November and December (separately)

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