Exercise 21-3 x Your answer is incorrect. Try again. 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. Quarter 4 2,710 Department Auditing Tax Consulting Quarter 1 2,450 3,130 1,640 Quarter 2 1,840 2,650 1,640 Quarter 3 2,330 2,300 1,640 2,800 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105. 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. THOME AND CREDE, CPAS Sales Revenue Budget For the Quarter Ending December 31, 2017 Quarter 1 Quarter 2 Billable Rate Dept. Billable Hours Billable Rate Total Rev. Billable Hours Total Rev. Auditing Tax Consulting Totals THOME AND CREDE, CPAS Sales Revenue Budget Quarter 3 Billable Hours Billable Rate Quarter 4 Billable Rate Dept. Total Rev. Billable Hours Total Rev. Auditing XL Tax X Consulting Totals THOME AND CREDE, CPAS Sales Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing Tax Consulting Totals