Refer to the AccuTax, Inc., example in the chapter. 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 $91,800 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 Simple Individual Return Complex Individual Return 0.07 hour 0.18 hour 0.40 hour 0.40 hour Business Return Partner Manager Senior consultant Consultant 0.6 hour 0.2 hour 0.5 hour 0.2 hour 0.8 hour The manager is salaried and eans 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 ive supporting staff at $49,000 each. All other operating data remain unchanged. The manager will share 14% of any profit over $490,000 before bonus Required 1. What is the budgeted total cost for overtime hours worked by senior consultants? Budgeted total cost for overtime How many full-time consultants should be budgeted? (Round down your answer to nearest whole number.) 2. Number of full-time consultants Refer to the AccuTax, Inc., example in the chapter. 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 $91,800 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 Simple Individual Return Complex Individual Return 0.07 hour 0.18 hour 0.40 hour 0.40 hour Business Return Partner Manager Senior consultant Consultant 0.6 hour 0.2 hour 0.5 hour 0.2 hour 0.8 hour The manager is salaried and eans 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 ive supporting staff at $49,000 each. All other operating data remain unchanged. The manager will share 14% of any profit over $490,000 before bonus Required 1. What is the budgeted total cost for overtime hours worked by senior consultants? Budgeted total cost for overtime How many full-time consultants should be budgeted? (Round down your answer to nearest whole number.) 2. Number of full-time consultants