Use the Following Labor Budget Data for Roy & Miller

Multiple Choice

Use the following labor budget data for Roy & Miller Accounting, LLP to answer the following Questions
The budgeted overhead cost for the year is $1,260,000. 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 $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material,
-What is the overhead rate based on a single cost driver (rounded to the nearest percentage?

A) 71%
B) 90%
C) 210 %
D) 83%
E) 60%