•The profit plan time analysis is a summary of the column totals produced in the labor budget for time and money.  The total annual values for time and money is divided by 12 monthly periods to get the monthly objectives or milestones for the profit plan.
	•The full-time-equivalents (FTE) are shown.  The FTE column is calculated by dividing the annual standard hours (2080) into the annual hours column.
	•The ratio of technical personnel to non-technical personnel is shown for both dollars and hours.  The ‘rule of thumb’ ratio is 4 to 1.  This example shows that based on hours the ratio is 2.9 to 1 which based on the ‘rule of thumb’ is too many non-technical to technical staff.  Based on dollars, the ratio is 4.49 technical to 1 non-technical staff.  The ratio based on dollars is more relevant and reasonable.
	•Utilization rates are shown based on hours and dollars.  The profit plan firm-wide utilization rate of 62.83% is based on 2080 ‘standard’ hours.  The firm-wide target utilization rate of 67.2% based on dollars is the most meaningful figure.  Utilization rates for firm-wide less paid-time-off (PTO) is shown.  Utilization rates for technical staff only is shown.
	•The values in the profit plan time analysis are compared to the actual values for the current period and year-to-date.  The variances are calculated and analyzed for overtime percentage and full-time-equivalents.