Salazar & Crenshaw, CPAs, offer three types of services to clients: auditing, tax, and small business accounting.

Salazar & Crenshaw, 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 July 31, 2013:

The average billing rate for staff is $150 per hour, and the average billing rate for partners is $350 per hour. Prepare a professional fees earned budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 2013, using the following column headings and showing the estimated professional fees by type of service rendered:
Billable Hours Hourly RateTotalRevenue

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Billable Hours Audit Department: Staff Partners 40,000 6,000 Tax Department: Staff Partners 30,000 4,500 Small Business Accounting Department: Staff Partners 8,000 1,800