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 $
Partner Benefits
Total Partner Compensation $
Staff Accountant Salaries $
Staff Benefits
Total Staff Compensation $
The budgeted overhead cost for the year is $ The company estimated that onethird of the budgeted overhead cost supports the firms two partners, and twothirds supports staff accountants. The current audit bid for Monoco Industries requires $ in direct partner professional labor, $ in direct staff accountant professional labor, $ in direct material.
If overhead is applied on the Monoco engagement based on a singlecost driver basis, what is the total cost of the engagement?
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