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 parther, plans to add a manager at an annual salary of $91,560. 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: The manager is salaried and earns no overtime pay. Senior consultants are salaried but recelve time and a haif for any overtime worked. The firm plans to keep all the senior consultants and adjust the number of consultants as needed including employing parttime consultants, who also are paid on an hourly basis. Higgins has also decided to have five supporting staff at $45,000 each. All other operating data remain unchanged. The manager will share 12\% of any profit over $630,000 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 income for the firm, assuming that the revenues from preparing tax retums remain unchanged. Complete this question by entering your answers in the tabs below. Determine the manager's total compensation and total pretax operating income for the firm, assuming that the revenues from preparing tax returns remain unchanged. 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 parther, plans to add a manager at an annual salary of $91,560. 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: The manager is salaried and earns no overtime pay. Senior consultants are salaried but recelve time and a haif for any overtime worked. The firm plans to keep all the senior consultants and adjust the number of consultants as needed including employing parttime consultants, who also are paid on an hourly basis. Higgins has also decided to have five supporting staff at $45,000 each. All other operating data remain unchanged. The manager will share 12\% of any profit over $630,000 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 income for the firm, assuming that the revenues from preparing tax retums remain unchanged. Complete this question by entering your answers in the tabs below. Determine the manager's total compensation and total pretax operating income for the firm, assuming that the revenues from preparing tax returns remain unchanged