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 Tax Consulting 1,180 hours 2,350 hours 2,130 hours 340 hours The company pays $11 per hour to data-entry clerks, $44 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 Budgeted Budgeted Hours Rate/hour Cost Data-entry 1,180 $ 11.00 Auditing Tax Consulting Total 1,180