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Current Attempt in Progress Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided
Current Attempt in Progress Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,360 1,760 2,230 2,590 Tax 3,180 2,560 2,130 2,860 Consulting 1,770 1,770 1,770 1,770 Average hourly billing rates are auditing $83, tax $94, and consulting $104. Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue. Dept. Billable Hours Auditing Tax Consulting Totals Dept. Billable Hours Auditing Tax Consulting Totals $ $ Quarter 1 Billable Rate Quarter 3 Billable Rate THOME AND CREDE, CPAS Service Revenue Budget $ $ $ THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours Year Dept. Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals $
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