3. Taylor is bidding on a consulting job for Tasty Chicken, a fast-food chain specializing in poultry meats. The budgeted breakdown of professional labor on the job is as follows: Professional Labor Category Budgeted Rate per Hour Budgeted Hours Director $ 200 Partner 100 Associate 50 40 Assistant 30 160 Calculate the budgeted cost of the Tasty Chicken job. How much will Taylor bid for the job if it is to earn its target operating income of 10% of revenues? Revenues $ 20,000,000 Total costs: Direct costs Professional labor $ 5,000,000 Indirect costs Client support 13,000,000 18,000,000 $ 2,000,000 Operating income