Preparing a revenue budget and a labor budget for a service business Lynn and Paul, partners in a systems consulting firm, budgeted the following professional labor hours for the year ended December 31, 2008:

Partners have a billing rate of \(\$ 225\) per hour and actually earn \(\$ 110\) per hour. Associates bill out at \(\$ 140\) per hour and earn \(\$ 85\) per hour. Staff has a billing rate of \(\$ 95\) per hour and earn \(\$ 55\) per hour.
{Required:}
1. Prepare a revenue budget.
2. Prepare a professional labor budget.

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Partners 4,000 Associates 14,000 Staff.... 22,000