Exercise 5.23 Consider the following budgeted data for the client case of Cheyenne's accounting firm. The client wants a fixed-price quotation. Direct professional labour $ 20,300 Direct support labour 11,000 Fringe benefits for direct labour 12,500 Photocopying 2,000 Telephone calls 1,900 Computer lines 6,500 Overhead is allocated at the rate of 100% of direct labour cost. Your answer is partially correct. Try again. Prepare a schedule of the budgeted total costs for the client. Show subtotals for total direct labour costs and total costs as a basis for mark-up. Direct labour costs Professional labour 20300 Support labour 11000 DJALORE Total 31300 Allocated overhead 43800 Other direct costs 10400 Budgeted costs 54200 x Your answer is incorrect. Try again. Assume that the partners' policy is to quote a fixed fee at 10% above the total costs. What fee would be quoted? X Quoted fee 59620