Perez and Ford, 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 December 31, 2012:

The average billing rate for staff is $120 per hour, and the average billing rate for partners is $ 280 per hour. Prepare a professional fees earned budget for Perez and Ford, CPAs, for the year ending December 31, 2012, using the following column headings and showing the estimated professional fees by type of service rendered:

Billable Hours? ? ? ? ? ?? ? ? ? ? ? ?Hourly Rate ? ? ? ? ? ? ??Total Revenue

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Billable Hours Audit Department: Staff.. 19,200 Partners. Tax Department: Staff... 12,300 4,100 Partners. Small Business Accounting Department: 4,900 Staff.. Partners 1,900