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Render Co. CPA is preparing activity-based budgets for 2017. The partners expect the firm to generate billable hours for the year as follows: Data entry
Render Co. CPA is preparing activity-based budgets for 2017. The partners expect the firm to generate billable hours for the year as follows:
Data entry | 1,030 | hours |
Auditing | 2,310 | hours |
Tax | 2,100 | hours |
Consulting | 420 | hours |
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The company pays $10 per hour to data-entry clerks, $43 per hour to audit personnel, $54 per hour to tax personnel, and $54 per hour to consulting personnel.
Prepare a schedule of budgeted labor costs for 2017 using activity-based budgeting.
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