Exercise 20-34 (Algo) Direct labor budget for a service company LO A1 Render CPA is preparing direct labor budgets for the current year. The partners budget billable hours for the year as follows. Data entry Auditing Tax Consulting 1,060 hours 2,420 hours 2,160 hours 360 hours The company budgets $11 per hour to data-entry clerks, $37 per hour to audit personnel, $53 per hour to tax personnel, and $53 per hour to consulting personnel. Prepare a direct labor budget for this service company for the year. Data-entry Auditing RENDER CPA Direct Labor Budget For The Year Ending December 31 Tax Consulting Cost of direct labor Direct Labor Hours Direct Labor Cost per hour Direct Labor Cost

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Exercise 20-34 (Algo) Direct labor budget for a service company LO A1
Render CPA is preparing direct labor budgets for the current year. The partners budget billable hours for the year as follows.
Data entry
Auditing
Tax
Consulting
1,060 hours
2,420 hours
2,160 hours
360 hours
The company budgets $11 per hour to data-entry clerks, $37 per hour to audit personnel, $53 per hour to tax personnel, and $53 per
hour to consulting personnel.
Prepare a direct labor budget for this service company for the year.
Data-entry
Auditing
RENDER CPA
Direct Labor Budget
For The Year Ending December 31
Tax
Consulting
Cost of direct labor
Direct Labor
Hours
Direct
Labor Cost
per hour
Direct
Labor Cost
Transcribed Image Text:Exercise 20-34 (Algo) Direct labor budget for a service company LO A1 Render CPA is preparing direct labor budgets for the current year. The partners budget billable hours for the year as follows. Data entry Auditing Tax Consulting 1,060 hours 2,420 hours 2,160 hours 360 hours The company budgets $11 per hour to data-entry clerks, $37 per hour to audit personnel, $53 per hour to tax personnel, and $53 per hour to consulting personnel. Prepare a direct labor budget for this service company for the year. Data-entry Auditing RENDER CPA Direct Labor Budget For The Year Ending December 31 Tax Consulting Cost of direct labor Direct Labor Hours Direct Labor Cost per hour Direct Labor Cost
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