Exercise 24-03 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. Quarter 3 Quarter 4 Department Quarter 1 2,530 Quarter 2 1,850 2,320 2,740 Auditing 2,140 3,250 2,680 Tax 2,690 1,770 1,770 1,770 Consulting 1,770 Average hourly billing rates are auditing $83, tax $94, and consulting $102. 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. THOME AND CREDE, CPAS Service Revenue Budget THOME AND CREDE, CPAS Service Revenue Budget Quarter 1 Quarter 2 Dept. Billable Hours Billable Rate Billable Hours Billable Rate Total Rev. Total Rev. Auditing %$4 Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget Quarter 4 Quarter 3 Billable Hours Billable Rate Total Rev. Total Rev. Billable Rate Billable Hours Dept. Auditing 24 Tax Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget Year Total Rev. Billable Rate Billable Hours Dept. Auditing Tax Consulting Totals %24 Question Attempts: 0 of 2 used SAVE FOR