0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Name: Section: Total Total direct labor hours Budgeted Income Statement Operating income Variance 1. Total 2. 3. Revenue Budget Professional Hours Billing Rate Total Revenues Partners Staff Operating costs: Fringe benefits Secretarial support Utilities Problem 9-2 Cost Performance Report Actual Result Budget Partners' salary and overhead Associates' salary and overhead Travel Telephone/fax Problem 9-3 Item Associates Professional Labor Budget Wage Rate Total Labor Total selling and administrative expenses Problem 9-4 Overhead Budget Depreciation -- building Photocopying Depreciation -- equipment Other Expenses Budget Meals Revenues Professional labor Overhead support Other expenses Problem 9-6 Professional labor cost Professional support Job Cost Sheet Partner labor cost Associate labor cost Design support Staff support Bid price Budgeted costs Budgeted profit Actual costs Actual profit Attorneys-at-Law Summary of Engagement Account Client name: Engagement type: Engagement number: Date contracted: Date completed: Partners' Time: Period Ending Hours Rate Amount Associate's Time: Other Direct Costs: Telephone/Fax Total Engagement Costs Problem 9-1 Libby and Sandman Lynn and Paul For the Year Ended December 31, 2008 Shank Products Sayers Markets Actual minus budget Indicate favorable (F) or unfavorable (U) variance Billing rate = partner and associate salaries ÷ total annual billable hours Billing rate = total support wages ÷ total annual billable hours