Professional Labor Cost Budget Sadie & Chipper, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending March 31, 2016: Billable Hours Audit Department: Staff 45,000 Partners 6,800 Tax Department: Staff 33,300 Partners 4,200 Small Business Accounting Department: Staff 5,400 Partners 800 Assume that the average compensation per hour for staff is $70 and for partners is $165. Prepare a professional labor cost budget for Sadie & Chipper, CPAs, for the year ending March 31, 2016. Enter all amounts as positive numbers. SADIE & CHIPPER, CPAS Professional Labor Cost Budget For the Year Ending March 31, 2016 Staff Partners Total Audit Department Hours Tax Department Hours Small Business Accounting Department Hours Total Hours Average compensation per hour $ $ Total professional labor cost $ Flexible Budget for Selling and Administrative Expenses Fuller Enterprises uses flexible budgets that are based on the following data: Sales commissions 6% of sales Advertising expense 16% of sales Customer support expense $2,500 plus 2% of sales Office salaries expense $17,000 per month Miscellaneous administrative expense $2,600 plus 1% of sales Research and development expense $1,750 per month Prepare a flexible selling and administrative expenses budget for July for sales volumes of $110,000, $140,000, and $165,000. (Use Exhibit 5 as a model.) Enter all amounts as positive numbers. FULLER ENTERPRISES Flexible Selling and Administrative Expenses Budget For the Month Ending July 31 Total sales $110,000 $140,000 $165,000 Variable cost: Total variable cost Fixed cost: Total fixed cost Total selling and administrative expenses