Ronaldo Associates is a construction engineering firm that prepares detailed construction drawings for single-family homes. The market for this service is very competitive. To compete successfully Ronaldo must deliver quality service at low cost. Ronaldo presents the following data for 2016 and 2017. (Click the icon to view the data.) Engineering labor-hour costs are variable costs. Engineering support costs for each year depend on the engineering support capacity that Ronaldo chooses to maintain each year (that is, the number of jobs it can do each year). Engineering support costs do not vary with the actual number of jobs done in a year. Read the requirements. Requirement 1. Calculate the operating income of Ronaldo Associates in 2016 and 2017. 2016 Revenues Costs Engineering labor costs ME Engineering support costs Total costs Operating income U CAnna. 19 160/ 1151 Af05 nunction 1 Tnlt 121 = Homework: Assignment 5 Requirements Previous question Ronaldo Associates is a construction engineering firm that construction drawings for single-family homes. The market 1. Calculate the operating income of Ronaldo Associates in 2016 and 2017. competitive. To compete successfully Ronaldo must delive 2. Calculate the growth, price-recovery, and productivity components that explain cost. Ronaldo presents the following data for 2016 and 20 the change in operating income from 2016 to 2017. EF (Click the icon to view the data.) 3. Comment on your answer in requirement 2. What do these components indicate? Print Done Requirement 1. Calculate the operating income of Ronald Data table 2016 2017 400 500 $ 3,200 $ 3,100 1. Number of jobs billed 2. Selling price per job 3. Engineering labor-hours 4. Cost per engineering labor-hour Engineering support capacity (number of jobs the firm can 24,000 27,000 $ 35 $ 36 5. do) 600 600 Total cost of engineering support (space rent, equipment, 6. etc.) $ 180,000 $ 192,000 7. Engineering support-capacity cost per job (row 6 / row 5) $ 300 $ 320 Clear all Check answ