- Professional Fees Earned Budget for a Service Company Rollins and Cohen, 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 December 31, 2017: Billable Hours Audit Department: Staff 40,800 Partners 6,100 Tax Department: Staff 30,200 Partners 3,800 Small Business Accounting Department: Staff 4,900 Partners 700 The average billing rate for staff is $145 per hour, and the average billing rate for partners is $265 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAS, for the year ending December 31, 2017, ROLLINS AND COHEN, CPAS Professional Fees Earned Budget For the Year Ending December 31, 2017 Billable Hourly Total Hours Rate Revenue Audit Department: The average billing rate for staff is $145 per hour, and the average billing rate for partners is $265 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAs, for the year ending December 31, 2017. ROLLINS AND COHEN, CPAS Professional Fees Earned Budget For the Year Ending December 31, 2017 Billable Hourly Total Hours Rate Revenue Audit Department: Staff Partners Total Tax Department: Staff QO DO Il II QO Partners Total Small Business Accounting Department: Staff Partners Total Total professional fees earned