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PREMISE It is now January 2022. You are the owner of a small consulting engineering company called California Dreamin' Engineering and Associates, LLC. Your
PREMISE It is now January 2022. You are the owner of a small consulting engineering company called California Dreamin' Engineering and Associates, LLC. Your accounting staff has provided you the annual 2021 profit/loss data: TABLE 1 - CALIFORNIA DREAMIN' ENGINEERING AND ASSOCIATES LLC. 2021 PROFIT/LOSS DATA CLIENT DIRECT INDIRECT BILLING ANNUAL LABOR LABOR RATE SALARY HOURS HOURS NAME TITLE Martha Principal Engineer $250 $158,600 900 1180 Peter Associate Engineer $190 $118,160 1700 380 Paul Project Engineer $150 $98,560 1960 120 Mary Administrative Assistant $60 $42,000 400 1680 TASK 1 Assuming 2021 payroll burden (sick leave, health insurance, vacation, other benefits) + General and Admin Costs (building rent, supplies, etc.) were $358,000 total. Calculate the following: 1. 2020 Total Revenue = ? 2. 2020 Total Costs = ? 3. 2020 Profit ? (before taxes) 4. What is Peter's Utilization Rate? 5. What is Martha's Utilization Rate?
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