Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 4.00

Lowe & Rent

Flexible Budgeting, Service Organization

Lowe & Rent is a law firm that specializes in probate work. Last year, the firm billed more hours than expected, but, as the following data show, profits were lower than anticipated.

 

Reported Income

Master

 

Statement

Budget

Billable hoursa

6,900

6,000

Revenue

$825,000

$750,000

Professional salaries (all variable)

465,000

375,000

Other variable costs (e.g., supplies, computer services)

108,000

102,000

Fixed costs

174,000

180,000

Profit

$ 78,000

$ 93,000

Required

Prepare a flexible budget for Lowe & Rent. Use billable hours as the measure of output (that is, units produced).

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 11:08 PM My Price 4.00

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