Professional Fees Earned Budget

Day & Spieth, 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 March 31, 20Y6:

		Billable Hours
Audit Department:
	Staff	32,500
	Partners	4,900
Tax Department:
	Staff	23,700
	Partners	3,000
Small Business Accounting Department:
	Staff	4,500
	Partners	600

The average billing rate for staff is $150 per hour, and the average billing rate for partners is $270 per hour.

Prepare a professional fees earned budget for Day & Spieth, CPAs, for the year ending March 31, 20Y6.

DAY & SPIETH, CPAs

Professional Fees Earned Budget

For the Year Ending March 31, 20Y6

Billable Hours	Hourly Rate	Total Revenue
Audit Department:
Staff		$	$
Partners
Total			$
Tax Department:
Staff		$	$
Partners
Total			$
Small Business Accounting Department:
Staff		$	$
Partners
Total			$
Total professional fees earned			$