TB MC Qu. 3-99 Use the following labor budget data... Use the following labor budget data for Roy \& Miller Accounting, UP The budgeted overhead cost for the year is $2,975,400. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thlads goes to support the staff accountants. The current audit bid for Monoco Industries requires $22,000 in direct partner professional labor, $35,000 in direct staff accountant professional labor, $4,900 in direct material If overhead is applied on the Monoco engagement based on two separate cost drivers, what is the cost of the engagement