Salazar & Crenshaw, 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 July 31, 2013:

The average billing rate for staff is $150 per hour, and the average billing rate for partners is $350 per hour. Prepare a professional fees earned budget for Salazar & Crenshaw, CPAs, for the year ending July 31, 2013, using the following column headings and showing the estimated professional fees by type of service rendered:
Billable Hours Hourly Rate TotalRevenue

  • CreatedFebruary 04, 2014
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