$4,000 underapplied. 5. Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries $ 300,000 Partner Benefits (30%) 90,000 Total Partner Compensation $ 390,000 Staff Accountant Salaries $ 500,000 Staff Benefits (30%) 150,000 Total Staff Compensation $ 650,000 The budgeted overhead cost for the year is $842,400. The company has estimated that one-third of the budgeted over-head cost is incurred to support the firms two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $20,000 in direct partner professional labor, $35,000 in direct staff accountant professional labor, $5,700 in direct material. What is the overhead rate for staff accountants, if separate rates are used for partners and staff accountants? 43% 72% 24.1% 86.4% 144%