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: Billable Hours Audit Department: Staff 41,600 Partners 6,200 Tax Department: Staff 30,800 Partners 3,900 Small Business Accounting Department: Staff 5,800 Partners 800 The average billing rate for staff is $105 per hour, and the average billing rate for partners is $225 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 Hours Rate Total Revenue Audit Department: Staff Partners Total Tax Department: Staff $ Partners Accounting numeric field Total Small Business Accounting Department: Staff Partners Total Total professional fees earned