Exercise 21-3

Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). 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		2,300		1,700		2,100		2,500
Tax		3,100		2,500		2,100		2,600
Consulting		1,600		1,600		1,600		1,600

Average hourly billing rates are auditing $81, tax $91, and consulting $101. Prepare the service revenue (sales) budget for 2017 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.