Render Co. CPA is preparing activity- based budgets for 2013. The partners expect the firm to generate bill-able hours for the year as follows:
Data entry . . . . . . . . . 2,200 hours
Auditing . . . . . . . . . . . 4,800 hours
Tax . . . . . . . . . . . . . . . 4,300 hours
Consulting . . . . . . . . . 750 hours
The company pays $ 10 per hour to data- entry clerks, $ 40 per hour to audit personnel, $ 50 per hour to tax personnel, and $ 50 per hour to consulting personnel.
Prepare a schedule of budgeted labor costs for 2013 using activity- based budgeting.