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Professional Fees Earned Budget Day & Spieth, CPAs, offer three types of services to clients:...

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Accounting

Professional Fees Earned Budget

Day & Spieth, 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, 20Y6:

Billable Hours
Audit Department:
Staff 32,500
Partners 4,900
Tax Department:
Staff 23,700
Partners 3,000
Small Business Accounting Department:
Staff 4,500
Partners 600

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 Day & Spieth, CPAs, for the year ending March 31, 20Y6.

DAY & SPIETH, CPAs
Professional Fees Earned Budget

For the Year Ending March 31, 20Y6

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 $

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