Question: Below is the labor budget data for Roy & Miller Accounting, LLP . Partner Salaries $ 9 0 0 , 0 0 0 Partner Benefits

Below is the labor budget data for Roy & Miller Accounting, LLP.
Partner Salaries $ 900,000
Partner Benefits (30%)270,000
Total Partner Compensation $ 1,170,000
Staff Accountant Salaries $ 1,200,000
Staff Benefits (30%)360,000
Total Staff Compensation $ 1,560,000
The budgeted overhead cost for the year is $2,457,000. The company estimated that one-third of the budgeted overhead cost supports the firms two partners, and two-thirds supports staff accountants. The current audit bid for Monoco Industries requires $25,000 in direct partner professional labor, $36,000 in direct staff accountant professional labor, $4,100 in direct material.
If overhead is applied on the Monoco engagement based on a single-cost driver basis, what is the total cost of the engagement?

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