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 month ending January 31, 2017: Audit Department: Staff Partners Tax Department: Billable Hours 28,900 4,300 Staff 21,400 Partners 2,700 Small Business Accounting Department: Staff Partners 4,000 600 The average billing rate for staff is $120 per hour, and the average billing rate for partners is $240 per hour. Prepare a professional fees earned budget for Rollins and Cohen, CPAs, for the month ending January 31, 2017. ROLLINS AND COHEN, CPAS Professional Fees Earned Budget For the Month Ending January 31, 2017 Billable Hourly Total Audit Department: Staff Hours Rate Partners Total Tax Department: Staff Partners Total Small Business Accounting Department: Staff Partners Total Total professional fees earned Revenue LA A