Below is the labor budget data for Roy & Miller Accounting, LLP$.$

Partner Salaries

$ $600,000$

Partner Benefits $(40\%)$

$240,000$

Total Partner Compensation

$ $840,000$

Staff Accountant Salaries

$

$750,000$

Staff Benefits $(40\%)$

$300,000$

Total Staff Compensation

$ $1,050,000$

TB MC Qu$.3-96($Algo$)$ Below is the labor budget data for...

The budgeted overhead cost for the year is $$1,663,200.$ The company estimated that one$-$third of the budgeted overhead cost supports the firm's two partners, and two$-$thirds supports staff accountants. The current audit bid for Monoco Industries requires $$22,000$ in direct partner professional labor, $$35,000$ in direct staff accountant professional labor, $$5,900$ in direct material.

What is the overhead rate for partners, if separate rates are used for partners and staff accountants?