4 20 points Refer to the AccuTax incorporated exhibit One of the partners is planning to retire at the end of the year. May Higgins, the sole remaining partner, plans to add a manager at an annual salary of $91,920 She expects the manager to work, on average, 45 hours a week for 45 weeks per year, She plans to change the required staff time for each hour spent to complete a tax return to the following Complex Individual Business Return Partner Manager 0.4 hour Return 0.07 hour Individual Return 0.1 hour 0.13 hour ebook Senior consultant Consultant 0.5 hour 0.40 hour 0.40 hour 0.2 hour 1 hour Ask Prins References The manager is salaried and ears no overtime pay Senior consultants are salaried but receive time and a half for any overtime worked. The firm plans to keep all the senior consultants and adjust the number of consultants as needed including employing part- time consultants, who also are paid on an hourly basis Higgins has also decided to have five supporting staff at $51.000 each. All other operating data remain unchanged. The manager will share 13% of any profit over $490.000 before bonus Required: 1. What are the budgeted total cost for overtime hours worked by senior consultants? 2. How many full-time consultants should be budgeted 3. Determine the manager's total compensation and total pretax operating incole for the fem, assuming that the revenues from preparing tax returns remain unchanged Complete this question by entering your answers in the tabs below, Required 1 Required 2 Required 3 What are the budgeted total cost for overtime hours worked by senior consultants ted at avere Required 2> Week 4 Homework 4 Saved 20 Refer to the Acculax ricamorated exhibit One of the partners is planning to retire at the end of the year. May Higgins, the sole remaining partner, plans to add a manager at an annual salary of $91.920 She expects the manager to work, on average 45 hours a week for 45 weeks per year. She plans to change the required staff time for each hour spent to complete a tax return to the following Complex Individual Business Return) Partner Maneger 0.4 hour Book Senior consultant Consultant 0.1 hour 0.5 hour 0.11 hour 9.40 hour 0.40 hour Ask 01 References The manager is salaried and earns no overtime pay Senior consultants are salaried but receive time and a half for any overtime worked. The firm plans to keep all the sensor consultants and adjust the number of consultants as needed including employing part- time consultants, who also are paid on an hourly basis Higgins has also decided to have five supporting staff at $51,000 each. All other operating data remain unchanged. The manager will share 13% of any profit over $480,000 before bonus. Required: What are the budgeted total cost for overtime hours worked by senior consultants 2. How many full-time consultants should be budgeted 3 Determine the manager's total compensation and total pretax operating income for the firm, assuming that the revenues from preparing tax returns remain unchanged. Complete this question by entering your answers in the tabs below. Required Required Required 3 How many full time consultants sinud be budgeted and own yes anew to peast what be) Required 1 20 points ellock Ask Sano Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Determine the manager's total compensation and total pretax operating income for the firm, assuming that the revenues from preparing tax returns remain unchanged. Revenue Payrol expenses Paner Manager AccuTax Inc Bodgeted Operating Income For the Year ended December 31, 2022 Senior consulards-base pay Senior consultants-pay for overtime hours Constants Fullme Concharts Panor Support staff Operating inom bere bo to manage Delary Required