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Score: 3.89 of 20 pts signment Questions Cotrine Was %E13-18 (similar to) 18 of 25 (22 complete) HW Score: 65.05% 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 Read the requirements Ou Requirement 1. How much of the total costs in 2017 are value-added, non-value-added, or in the gray area between? Explain your answers briefly. What actions can Curtan take to reduce its costs? Begin by calculating the total labor costs, then calculate the total costs (If a box is not used in the table, leave the box amply do not enter a zero Round your answers to the nearest whole dollar) Value Gray Non value Added Area Added Total Making calculations and preparing drawings $ 333.222 Data Table - X $ 333.222 Checking calculations and drawings $ 22,515 22.515 Correcting errors found in drawings 36,024 35,024 Its income statement for 2017 is as follows: Making changes in response to dient requests 27.018 27.018 Revenues $ 671,500 Correcting errors to meet government building code 31 521 31.521 Total professional labor costs 360,240 Salaries of professional staff (7,900 hours * $57 per hour) 67,545 450,300 450,300 Travel Administrative and support costs 21,000 Administrative and support costs 189,126 Travel Total costs 660,426 Total Operating income $ 11,074 Data Table 22,515 The percentage of time spent by professional staff on various activities follows Making calculations and preparing drawings for clients Checking calculations and drawings 5 Correcting errors found in drawings (not billed to clients) 8 Making changes in response to client requests (billed to clients) 6 Correcting own errors regarding building codes (not billed to clients) 7 Total 100 Print Done Print Done Score: 3.89 of 20 pts signment Questions Cotrine Was %E13-18 (similar to) 18 of 25 (22 complete) HW Score: 65.05% 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 Read the requirements Ou Requirement 1. How much of the total costs in 2017 are value-added, non-value-added, or in the gray area between? Explain your answers briefly. What actions can Curtan take to reduce its costs? Begin by calculating the total labor costs, then calculate the total costs (If a box is not used in the table, leave the box amply do not enter a zero Round your answers to the nearest whole dollar) Value Gray Non value Added Area Added Total Making calculations and preparing drawings $ 333.222 Data Table - X $ 333.222 Checking calculations and drawings $ 22,515 22.515 Correcting errors found in drawings 36,024 35,024 Its income statement for 2017 is as follows: Making changes in response to dient requests 27.018 27.018 Revenues $ 671,500 Correcting errors to meet government building code 31 521 31.521 Total professional labor costs 360,240 Salaries of professional staff (7,900 hours * $57 per hour) 67,545 450,300 450,300 Travel Administrative and support costs 21,000 Administrative and support costs 189,126 Travel Total costs 660,426 Total Operating income $ 11,074 Data Table 22,515 The percentage of time spent by professional staff on various activities follows Making calculations and preparing drawings for clients Checking calculations and drawings 5 Correcting errors found in drawings (not billed to clients) 8 Making changes in response to client requests (billed to clients) 6 Correcting own errors regarding building codes (not billed to clients) 7 Total 100 Print Done Print Done