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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

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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