Dino and Co, a firm of accountants, employs 6 qualified accounting staff at an annual salary cost of £53,625 each. Each accountant works 1,950 hours in a year. Of the 11,700 available hours in the year, 11,400 are spent on work that is chargeable to the clients. Dino and Co charges clients £50 for each hour that each accountant spends working on the clients' accounts, tax returns and on general business advice. The firm has fixed overhead costs of £202,500 per annum. What is Dino and Co's margin of safety in hours?

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The Answer of Dino and Co, a firm of accountants, employs 6 qualified accounting staff at an annual salary cost of £53,625 each. Each accountant works 1,950 hours in a year. Of the 11,700 available hours in the year, 11,400 are spent on work that is chargeable to the clients. Dino and Co charges clients £50 for each hour that each accountant spends working on the clients' accounts, tax returns and on general business advice. The firm has fixed overhead costs of £202,500 per annum. What is Dino and Co's margin of safety in hours?

Dino and Co, a Firm of Accountants, Employs 6 Qualified