Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. w. oufled intormation systems (mis) is an it suppo

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

60.1K

Verified Solution

Question

Accounting

image
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)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Can the polynomial have exactly 0 real roots Use the Fundamental Theorem of Algebra and...

Algebra
Q

A population starts out 10% BB and 90% Bb. The population size is large, mating is...

Biology
Q

Imagine that you are the coach of a 7-8 year old soccer team. Since you desire...

Medical Sciences
Q

Write a method with the following header: public static void showGradeDistribution(int a, int b, int c, int...

Programming
Q

Which endocrine gland is part of the nervous system?a. hypothalamusb. pituitaryc. adrenald. thyroid

Biology
Q

Ve Por 2k Submit your answer in terms of degrees A B k 104

Geometry
Q

The table below represents the value of an investment account y after x years Which...

Basic Math
Q

Tell whether each sentence below is true or false 1 The secant y sec x...

Calculus
Q

A guy wire 1766 feet long is attached to the top of a tower When...

Algebra
Q

1.calculate current ratio for 2020 through 2023 2. calculate receivable turnover ratio for 2021 through...

Accounting
Q

What is the maximum amount of the child and dependent Care credit for tax year...

Accounting
Q

Please refer to HW4_data.doc for quotes on Intel stock options Consider the following positions on...

Finance