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 44,300 6,600 Tax Department: Staff 34,100 4,300 Staff 6,200 900 The average billing rate for staff is $125 per hour, and the average billing rate for partners is $245 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 March 31, 20Y6 Billable Hours Hourly Rate Total Revenue Audit Department: Staff Total Staff Total Small Business Accounting Department: Staff Tota Total professional fees earned