Assume that the average compensation per hour for staff is $50 and for partners
ID: 2470908 • Letter: A
Question
Assume that the average compensation per hour for staff is $50 and for partners is $200.
Prepare a professional labor cost budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 20Y6. Enter all amounts as positive numbers.
Salazar and Crenshaw, CPAs
Professional Labor Cost Budget
For the Year Ending July 31, 20Y6
Staff
Partners
Audit Department
Tax Department
Small Business Accounting Department
Total
Average compensation per hour
$
$
Total professional labor cost
$
$
Prepare a professional labor cost budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 20Y6. Enter all amounts as positive numbers.
Salazar and Crenshaw, CPAs
Professional Labor Cost Budget
For the Year Ending July 31, 20Y6
Staff
Partners
Audit Department
Tax Department
Small Business Accounting Department
Total
Average compensation per hour
$
$
Total professional labor cost
$
$
Explanation / Answer
Salazar and Crenshaw, CPA's Professional Labour cost budget For the year ending July 31, 2016 Staff Partner Audit Department 40,000 6,000 Tax Department 30,000 4,500 Small Business Accounting Department 8,000 1,800 Total - a 78,000 12,300 Average compensation per hour - b 50 200 Total Professional Labour cost - c = a*b 39,00,000 24,60,000