A consulting company employs 5 people who each work an average of 2,000 hours per day. year (incl. normal overtime). The company's total costs are budgeted at NOK 6,000,000 (incl. Salary to the consultants). Total target turnover is NOK 7,500,000. a) What is the average cost per. hour consultants work on customer assignments? Take the prerequisites you need to answer the question b) What seems to be the price you on average think of invoicing per. hour. Justify your solution.
| Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
| A consulting company | ||
| Workings | Note | |
| Number of employs | 5.00 | A |
| Hours worked in a year | 2,000.00 | B |
| Total Hours worked | 10,000.00 | C=A*B |
| Answer a | ||
| Budgeted total costs | 6,000,000.00 | D |
| Total Hours worked | 10,000.00 | See C |
| Average cost per hour | 600.00 | E=D/C |
| Answer b | ||
| Target turnover | 7,500,000.00 | F |
| Total Hours worked | 10,000.00 | See C |
| Average invoicing per Hour | 750.00 | G=F/C |
A consulting company employs 5 people who each work an average of 2,000 hours per day....
A consulting company employs 5 people who each work an average of 2,000 hours per day. year (incl. normal overtime). The company's total costs are budgeted at NOK 6,000,000 (incl. Salary to the consultants). Total target turnover is NOK 7,500,000. a) What is the average cost per. hour consultants work on customer assignments? Take the prerequisites you need to answer the question b) What seems to be the price you on average think of invoicing per. hour. Justify your solution.
LLC employs only salaried exempt individuals, who work a standard eight hours per day. One of its employees worked more than eight hours on Monday, Wednesday, and Thursday, but did not work more than a total of 40 works during that week. What does FLSA say about the additional hours the employee worked on those single days? The employee will not be paid over time for the extra hours worked on Monday, Wednesday, and Thursday The employee must be paid...
Step 1You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing ( no indirect materials used). You will be keeping track of the costs incurred to manufacture the...
Step 1You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing ( no indirect materials used). You will be keeping track of the costs incurred to manufacture the...
Zando Pharmaceuticals is an affiliate of the German-based Heisenberg Corporation, which employs 40,000 worldwide. Zando’s St. Louis facility houses the U.S. corporate headquarters and Research and Development (R&D). It produces 30 products, using 28 different batch processes. The facility has 2,000 employees on-site. In recent years, Zando’s profitability has suffered, which can be attributed to increased competition, customer dissatisfaction, and regulatory pressures. Luis Alvarado, president of Zando, called a meeting to consider ways to improve profitability. He labeled the meeting...
Refer to Table 1. Write the Excel formula for each cell marked with “?” in columns B, C and D such that formula could be copied and pasted into columns D, E, F and G using Microsoft Excel without further editing. There is no need to explicitly write the Excel formula for cells marked with “Copy & paste”. Label each formula clearly with cell reference position. In 2020, BS Bank employs 800 employees in its call centres in the United States...
write up an essay on the problems in budgeting derived from the articles (i do Upvote the answers ) Why Budgeting Kills Your Company HBSWK Pub. Date: Aug '1 1, 2003 Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. by Loren Gary The average billion-dollar company spends as many as 25,000 person-days per year putting together the budget. If this all paid...