Question: Render Co. CPA is preparing activity-based budgets for 2017. The partners expect the firm to generate billable hours for the year as follows: Data entry

Render Co. CPA is preparing activity-based budgets for 2017. The partners expect the firm to generate billable hours for the year as follows:

Data entry 1,030 hours
Auditing 2,310 hours
Tax 2,100 hours
Consulting 420 hours

The company pays $10 per hour to data-entry clerks, $43 per hour to audit personnel, $54 per hour to tax personnel, and $54 per hour to consulting personnel.

Prepare a schedule of budgeted labor costs for 2017 using activity-based budgeting.

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