the administartive staff costs the firm on average, $20 per billable hour. The miscellaneous supplies usually run $5 per billable hour. HELP PLS

Smith \& Elliott LLC (SEE) is budgeting for next year. Much of the work that S\&E does relates to repeat business (quarterly and annual tax filings and annual audits), but the partners also work hard to gain new business. The firm employs 49 professional accountants-all salaried-and four administrative staff members-all hourly. The following chart shows the number of accountantsby role, along with tarpeted billable hours and billable rates for each level. Target Billable Hours per Person are annual amounts, as the TFC are given annuatly. In addition to the budget for income prepared in (b), the partners also want an even more optimistic estimate. They have been working very hard to secure additional business for the firm, and they believe they haye achlitved the fr goal if this new client verk comes through. it means the partners may not need to spend as much time "bulding business" nekt year as they thought How much operating income will the firm generate if all accountants except the partners hit their target billable hours for next year. and the partners exceed their estimate by 20/6 ? Operating income