# Question

Crable and Tesch, partners in a systems consulting firm, budgeted the following professional labor hours for the year ended December 31, 2016:
Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000
Associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000
Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,000
Partners have a billing rate of \$225 per hour and actually earn \$110 per hour. Associates bill out at \$140 per hour and earn \$85 per hour. Staff bill out at a rate of \$75 per hour and earn \$35 per hour.
Required:
1. Prepare a revenue budget.
2. Prepare a professional labor budget.

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