Reference no: EM133050850

Question - Keibin, Keibin and Keibin Media are three generations of the one family involved in providing public relations services for nearly 50 years. The firm is preparing its fees budget for the year ending 30 June 2022. It budgets on a quarterly basis. Craig Keibin is the most senior member of the family and estimates that he will bill clients for 40 hours per week and have 2 weeks annual leave during December. Alexander Keibin is Craig's son and intends to take 4 weeks leave during June and to bill clients for 38 hours per week. Craig's grandson, Sasy Keibin, is new to the firm and enjoys fishing on Friday afternoons and so usually bills clients for only 36 hours per week. Sasy intends to take 1 week leave each in July and Dec. The charge-out rates per hour for each of the Keibins are as follows. Craig $385 per hour Alexander $274 per hour Sasy $173 per hour.

Required - Prepare the income/sales budget for Keibin, Keibin and Keibin Media for the year ending 30 June 2022, showing projected dollar service revenues by respective partner and by quarter. Assume there are 13 weeks in each of the four quarters of the year ending 30 June 2022.