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Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting following billable hours have been estimated for the year ending December 31, 20Y8: Based on experience and projected growth, the Billable Hours Audit Department: Staff 26,000 Partners 3,900 Tax Department: Staff 20,000 Partners 2,500 Small Busness Accounting Department: Staff 3,100 Partners 400 Based on the data provided above and assuming labor cost budget for each department for Rollins and Cohen, CPAs, for the year ending December 31, 20Y8 that the average compensation per hour for staff is $60 and for partners is $155, prepare a professional Rollins and Cohen, CPAs Professional Labor Cost Budget For the Year Ending December 31, 20Y8 StaffPartners Check My Work 5 more Check My Work uses remaining Previous Next Partners 2,500 Small Business Accounting Department 3,100 Staff Partners 400 Based on the data provided above and assuming that the average compensation per hour for staff is $60 and for partners is $155, prepare a professional labor cost budget for each department for Rollins and Cohen, CPAs, for the year ending December 31, 20Y8 Rollins and Cohen, CPAs Professional Labor Cost Budget For the Year Ending December 31, 20YS StaffPartners Audit Department hours Tax Department hours Small Business Accounting Department hours Total hours Average compensation per hour Total professional labor cost Next Previous Check My Work 5 more Check My Work uses remaining Save and Exit Submit Assignment for Grading 448 PM @ /20/2019 19 to search 99+ Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has cash and carry customers and credit customers OfficeMat estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% ayt er acounts in the month of sale, while e remaining 80% pay tter accourts i the month following the month of sale. Projected sales for the next three months are as follows: October November customers. onest thire meonths are ss oo $132,000 165,000 242,000 The Accounts Receivable balance on September 30 was $88,0 Prepare a schedule of cash collections from sales for October, November, and December Round all calculations to the nearest whole dollar. OfficeMart Inc Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales September sales on account: Collected in October Next Previous Check My Work 5 more Check My Work uses remaining 4:49 PM 4/20/2019 1 LGO LGO LGO LGO GO GO For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales September sales on account Collected in October October sales on account: Collected in October GO Collected in November November sales on account: Collected in November Collected in Decem December sales on account Previous Check My Work 5 more Check My Work uses remaining items