Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries $ 500,000 Partner Benefits (45%) 225,000 Total Partner Compensation $ 725,000 Staff Accountant Salaries $ 700,000 Staff Benefits (45%) 315,000 Total Staff Compensation $ 1,015,000 The budgeted overhead cost for the year is $1,015,000. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firms two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $4,500 in direct material.

What is the total budgeted compensation for both partners and staff accountants?