Use the following labor budget data for Roy & Miller Accounting, LLP to answer the following Questions
The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted over¬head cost is incurred to support the firm’s two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material,
-What is the total budgeted compensation for both partners and staff accountants?
A) $1,000,000
B) $600,000
C) $1,160,000
D) $1,400,000
E) None of these answers is correct.

Question

Use the following labor budget data for Roy & Miller Accounting, LLP to answer the following Questions
The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted over¬head cost is incurred to support the firm’s two partners, and two-thirds goes to support the staff accountants.   The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material,
-What is the total budgeted compensation for both partners and staff accountants?
A) $1,000,000 
B) $600,000 
C) $1,160,000 
D) $1,400,000 
E) None of these answers is correct.

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The Answer of Use the following labor budget data for Roy & Miller Accounting, LLP to answer the following Questions
The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted over¬head cost is incurred to support the firm’s two partners, and two-thirds goes to support the staff accountants.   The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material,
-What is the total budgeted compensation for both partners and staff accountants?
A) $1,000,000 
B) $600,000 
C) $1,160,000 
D) $1,400,000 
E) None of these answers is correct.

Use the Following Labor Budget Data for Roy & Miller