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
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 7E: Professional foes earned budget for a service company LundquistFret well. CPAs, offer three types of...
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