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HOW DO I CALCULATE? Render Co. CPA is preparing activity-based budgets for 2019. The partners expect the firm to generate billable hours for the year
HOW DO I CALCULATE?
Render Co. CPA is preparing activity-based budgets for 2019. The partners expect the firm to generate billable hours for the year as follows: Data entry Auditing 1,190 hours 2,400 hours 2,110 hours 390 hours x Consulting The company pays $9 per hour to data-entry clerks, $42 per hour to audit personnel, $58 per hour to tax personnel, and $58 per hour to consulting personnel. Prepare a schedule of budgeted labor costs for 2019 using activity-based budgeting. RENDER CO. CPA Activity-Based Budget For The Year Ending December 31, 2019 Budgeted Hours Budgeted Rate/hour Budgeted Cost Data-entry Auditing x Consulting TotalStep by Step Solution
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