Professional Fees Earned Budget

Roberts and Chou, 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, 2014:

		Billable Hours
Audit Department:
	Staff	41,900
	Partners	6,300
Tax Department:
	Staff	31,800
	Partners	4,000
Small Business Accounting Department:
	Staff	6,300
	Partners	900

The average billing rate for staff is $150 per hour, and the average billing rate for partners is $270 per hour.

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Prepare a professional fees earned budget for Roberts and Chou, CPAs, for the year ending December 31, 2014.

Prepare a professional fees earned budget for Roberts and Chou, CPAs, for the year ending December 31, 2014.

Roberts and Chou, CPAs
Professional Fees Earned Budget
For the Year Ending December 31, 2014
		Billable Hours		Hourly Rate		Total Revenue
Audit Department:
Staff				$		$
Partners
Total						$
Tax Department:
Staff				$		$
Partners
Total						$
Small Business Accounting Department:
Staff				$		$
Partners
Total						$
Total professional fees earned						$