Lesson 14 – Budget Planning & Labor Utilization

Paper details:

ReadingsReadings Attached Files: File Chapter 8 Rev Addition – Professional Services – Making a Profit.pdf Chapter 8 Rev Addition – Professional Services – Making a Profit.pdf – Alternative Formats (311.774 KB) File Chapter 8 Rev Chapter 8 Rev – Alternative Formats (639.692 KB) Text: Part One, Chapter 8: Budget Planning – Read the revised Chapter 8 PDF files attached here. Case History “Anatomy of a Lawsuit” Chen (1988). Available in Lesson 15 (we will discuss this near the end of the lecture to prepare for Lesson 15). The attached files replace the chapters in the textbook. Assignment Lsn 14 HW Attached Files: File Sample Profit and Loss Statement (44.16 KB) Description In this assignment you will complete some of the work in Excel but still report your answers in a seperate word document. Tasks 1. Design and Engineering consulting firms create project and business budgets based upon a Labor Multiplier Factor. Taking into account that information: What would expect your annual salary to be upon graduation? Convert that salary into an hourly rate (base on 2080 work hours annually) Now, what do you believe is a reasonable hourly rate at which your company will charge for your services, i.e. what rate (dollars) will the company bill out your services at? What factors did you consider/take into account when you determined your billing rate? What is a reasonable utilization rate for a staff engineer after graduating from college? Does it change one month, to 6 months, to 1 year after graduation? 2/ If your business is expected to have annual revenue of $9,385,000, Direct Labor Costs of $2,950,000, and achieve a Profit of 16%, answering the following: What would your total costs (i.e., total expenses) be? What would your Breakeven Multipler be? What would your Target Multiplier be? What is the difference between the Breakeven Multiplier and Labor Multiplier Factor (also known as the Target Multiplier)? 3/ Download the Sample P&L spreadsheet for the next tasks. Click on the ‘Exercise ‘ tab and complete exercises 1A, and 1B. Record your answers below and provide a explanation on your method (Hint: this is based on calculating the Breakeven Multiplier and using that multiplier to calculate the billing rate). Gross Revenue and Breakeven Labor Multiplier for Exercise 1A: Gross Revenue and Breakeven Labor Multiplier for Exercise 1B: 4/ Complete the tasks outlined on the Exercise 2 tab. Record your answers below and provide a explanation on your method and what your outcome tells you. Utilization Rate for Staff Engineers and CAD Operator, Earnings before taxes, Gross Profit, and Average Labor Multiplier for Exercise 2 Click on the Exercise 3 tab and complete. Record your answers below and provide a explanation on your method and what your outcome tells you. 5/ Show Utilization Rate for all positions. Write down Gross Profit, and Average Labor Multiplier for Exercise 3. Submission Provide your responses on a signle .docx file format. Include your .xlsx file as will and submit both as your homework submission. Note: Please give me 2 file whiagnch is word and excel

SHOW LESS
Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.

Essays

Research Papers

At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.

Admissions

Thesis Writing Service

Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?

Editing

Custom Papers

Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.

Coursework

Essay Writing

Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.

Coursework

Coourse Work Writing

Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !

Coursework

Dissertation Writing Service

High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.