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 partner, plans to add a manager at an annual salary of $90,360. She expects the manager to work, on average, 45 hours a week for 45 weeks per year. She plans to change the required stoff time for each hour spent to complete a tax return to the following: Complex Sample Business Individual Individual Return Return Return Partner 0.4 hour 0.07 hour Manager 0.1 hour 0.13 hour Senior consultant 8.5 hour 0.40 hour 0.2 hour Consultant 0.40 hour 0.8 hour The manager is salaried and earns 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 ore paid on an hourly basis. Higgins has also decided to have five supporting staff at $46,000 coch. All other operating doto remain unchanged. The manager will share 12% of any profit over $530,000 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 returns remain unchanged. Required 1 Required 2 Required 3 ces What are the budgeted total cost for overtime hours worked by senior consultants? Budgeted total cost for overtime Required Required 2 > Required 1 Required 2 Required 3 How many full-time consultants should be budgeted? (Round down Number of full-time consultants