how do you prepare a static budget with the given material ?

The Seneca Company (Civil Engineers) consists of two divisions. The divisions are Transportation and Infrastructure. The company sells engineering services to various customers. The following are the bill rates for the various staff classifications:

Vice President

$250/hour

Senior Engineer

$200/hour

Associate Engineer

$190/hour

Staff Engineer

$160/hour

The two divisions expect to bill the following hours:

Transportation - 10,000 hours, vice president at 10% of the time, 20% of Senior Engineer time 10% to Associate engineers and remaining to Staff Engineers.

Infrastructure - 6,000 hours, vice president at 12% of the time, 20% of Senior Engineer time, 5% to Associate engineers and remaining to Staff Engineers.

The Direct Labor costs per hours are as follows:

Vice President

$90/hour

Senior Engineer

$70/hour

Associate Engineer

$60/hour

Staff Engineer

$50/hour

The utilization (billable ratio to total hours) for each staff member is as follows:

Vice President

60%

Senior Engineer

80%

Associate Engineer

85%

Staff Engineer

90%

The company has the following other costs:

Admin Salaries

$81,000

Rent

$120,000

Utilities

$16,000

Benefits

$75,000

Assume that there are 2080 hours per year that each engineer can work including vacation and other benefit hours.