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, 2016: Billable Hours Audit Department: Staff Partners Tax Department: Staff Partners Small Business Accounting Department: Staff Partners 27,500 4,100 20,600 2,600 3,800 500 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 Day & Spieth, CPAs, for the year ending March 31, 2016. DAY & SPIETH, CPAS

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 Day & Spieth, CPAs, for the year ending March 31, 20Y6.
DAY & SPIETH, CPAS
Professional Fees Earned Budget
For the Year Ending March 31, 20Y6
Audit Department:
Staff
Partners
Total
Tax Department:
Staff
Partners
Total
Small Business Accounting Department:
Staff
Partners
Total
Total professional fees earned
Billable Hours
Hourly Rate
Total Revenue
QO QO
0000 000
Transcribed Image Text: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 Day & Spieth, CPAs, for the year ending March 31, 20Y6. DAY & SPIETH, CPAS Professional Fees Earned Budget For the Year Ending March 31, 20Y6 Audit Department: Staff Partners Total Tax Department: Staff Partners Total Small Business Accounting Department: Staff Partners Total Total professional fees earned Billable Hours Hourly Rate Total Revenue QO QO 0000 000
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
Partners
Tax Department:
Staff
Partners
27,500
4,100
20,600
2,600
<
Small Business Accounting Department:
Staff
Partners
3,800
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 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
Transcribed Image Text: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 Partners Tax Department: Staff Partners 27,500 4,100 20,600 2,600 < Small Business Accounting Department: Staff Partners 3,800 500 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 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
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