Rollins and Cohen, 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 month ending January 31, 20Y7: Billable Hours Audit Department: Staff Partners Tax Department: Staff Partners 44,000 6,600 32,600 4,100 Small Business Accounting Department: Staff Partners 6,200 900 Based on the data provided above and assuming that the average compensation per hour for staff is $35 and for partners is $130, prepare a professional labor cost budget for each department for Rollins and Cohen, CPAs, for the month ending January 31, 20Y7. Rollins and Cohen, CPAs Professional Labor Cost Budget For the Month Ending January 31, 20Y7 Hours required for professional services Audit department hours Tax department hours Small business accounting department hours Total hours Average compensation per hour Total professional labor cost Staff x $ x $ Partners Total