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Exercise 9-3 (Video) Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three

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Exercise 9-3 (Video) 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 Tax Consulting 2,500 3,250 1,780 1,730 2,750 1,780 2,400 2,400 1,780 2,690 2,720 1,780 Average hourly billing rates are auditing $85, tax $94, and consulting $105 Prepare the service revenue (sales) budget for 2020 by listing the departments and showing for each quarter and the year in total, blable hours, billable rate, and total revenue THOME AND CREDE, CPAs Service Revenue Budget Quarter1 Quarter2 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Total Rev

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