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 $31,20$Y$7$:

Billable Hours

$\backslash$table$[[$Audit Department:,$],[$Staff$,28,800],[$Partners$,4,300],[$Tax Department:,$],[$Staff$,22,200],[$Partners$,2,800]]$

Small Business Accounting Department:

$\backslash$table$[[$Staff$,3,500],[$Partners$,500]]$

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 Rollins and Cohen, CPAs, for the month ending January $31,20$ Y$7.$

ROLLINS AND COHEN, CPAS

Professional Fees Earned Budget

For the Month Ending January $31,20Y7$

$\backslash$table$[[$Billable$,$Hourly,Total$],[$Hours$,$Rate Revenue,$]]$

Audit Department: