Professional Fees Earned Budget

Sadie & Chipper, 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 March $31,20$Y$6$:

Billable Hours

Audit Department:

Staff

Partners

Tax Department:

Staff

Partners

Small Business Accounting Department:

Staff

Partners

$26,600$

$4,000$

$20,000$

$2,500$

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

Prepare a professional fees earned budget for Sadie & Chipper, CPAs, for the year ending March $31,20$ Y$6.$

SADIE & CHIPPER, CPAs

Professional Fees Earned Budget

For the Year Ending March $31,20Y6$

Total Revenue

Audit Department:

Staff

Partners

Total

Tax Department:

Staff

Partners

Total

Small Business Accounting Department:

Staff

Partners

Total

Total professional fees earned