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v2.cengagenow.com CengageNOWV2 Online teaching and learning resource from 21 - HW Calculator E Printem Professional Labor Cost Budget for a Service Company 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 year ending December 31, 2018: Billable Hours Audit Department: Staff Partners 26,200 2.900 Tax Department: 19,700 Partners 2,500 Small Business Accounting Department: Staff 3,700 Partners 500 Based on the data provided above and assuming that the average compensation per hour for staff is 50 and for partners is $125, prepare a professional labor cost budget for each department for Rollins and Cohen, CPAs, for the year ending December 31, 2018 Rollins and Cohen, CPAS Professional Labor Cost Budget For the Year Ending December 31, 2048 Audit Department hours Tax Department hours Check My Work 1 more Check My Work uses remaining < Previous Next > signment Score: 17.14% All work saved. Save and Exit Submit Assignment for Grading NA

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	Rollins and Cohen , CPAs
	Professional labor cost budget
	For the year ending December 31 , 20Y8
		Staff	Partners
	Audit department hours	26,200	3,900
	Tax department hours	19,700	2,500
	Small business accounting department hours	3,700	500
(i)	Total hours	49,600	6,900
(ii)	Average compensation per hour	$               30	$             125
(i)*(ii)	Total professional labor cost	$ 14,88,000	$   8,62,500