#2 please answer all parts (fill in all boxes). please read the questionumbers carefully! similar questions may already be posted to Chegg but they have slightly different numbers. i will give upvote/thumbs up for correct answer! thank you for your help!
*if you give me an email and ask for money I will report you*
Curran Associates prepares architectural drawings to conform to local structural-safety codes. (Click the icon to view the income statement.) (Click the icon to view the percentage of time spent on activities.) Assume administrative and support costs vary with professional-labor costs. Consider each requirement independently. \begin{tabular}{|lr|} \hline Its income statement for 2017 is as follows: \\ Revenues & $687,225 \\ \cline { 2 - 2 } Salaries of professional staff (7,700 hours $48 per hour) & 369,600 \\ Travel & 21,000 \\ Administrative and support costs & 170,016 \\ Total costs & 5126,609 \\ \hline Operating income & = \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|l|}{ The percentage of time spent by professional staff on various activities follows: } \\ \hline Making calculations and preparing drawings for clients & 76% \\ \hline Checking calculations and drawings & 4 \\ \hline Correcting errors found in drawings (not billed to clients) & 8 \\ \hline Making changes in response to client requests (billed to clients) & 5 \\ \hline \begin{tabular}{l} Correcting own errors regarding building codes (not billed to \\ clients) \end{tabular} & 7 \\ \hline Total & 100% \\ \hline \end{tabular} \begin{tabular}{l} Value- Gray Non-value \\ Mdded Area -Added \\ \hline Making calculations and preparing \\ drawings \\ Checking calculations and drawings \\ Correcting errors found in drawings \\ Making changes in response to client \\ requests \\ Correcting errors to meet government \\ building code \\ Total professional labor costs \end{tabular} Administrative and support costs Travel Total Requirement 3. Suppose Colgan could eliminate all errors so that it did not need to spend any time making corrections and, as a result, could proportionately reduce professional-labor costs. Calculate Colgan's operating income for 2017. (Round your answers to the nearest whole dollar.) Requirement 4 . Now suppose Colgan could take on as much business as it could complete, but it could not add more professional staff. Assume Colgan could eliminate all errors so that it does not need to spend any time correcting errors. Assume Colgan could use the time saved to increase revenues proportionately. Assume travel costs will remain at $21,000. Calculate Colgan's operating income for 2017
