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Use the following labor budget data for Roy &Miller Accounting, LLP Partner Salaries $ 600,e88 Partner Benefits (3e%) 188,000 $ 780,980 Total Partner Compensation Staff
Use the following labor budget data for Roy &Miller Accounting, LLP Partner Salaries $ 600,e88 Partner Benefits (3e%) 188,000 $ 780,980 Total Partner Compensation Staff Accountant Salaries $ 808,988 Staff Benefits (38%) 248,088 Total Staff Compensation $1,848,900 The budgeted overhead cost for the year is $1,965,600. The company has estimated that one-third of the budgeted over-head cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $19,000 in direct partner professional labor, $31,000 in direct staff accountant professional labor, $4,600 in direct material, What is the overheed rate for steff accountonts, if seperate rates ere used for partners and staff accountants? Multiple Choice 84% 53.4 63% 126.0% 168%
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