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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
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 Quarter 2 Department Quarter 1 Quarter 3 Quarter 4 Auditing 2,480 1,920 2,300 2,570 3,170 2,510 2,300 2,640 Consulting 1,890 1,890 1,890 1,890 Average hourly billing rates are auditing $81, tax $93, 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 Ouarter 1 Quarter 2 Total Rev Total Rev Billable Hours Billable Rate Billable Hours Billable Rate Dept. Auditing $ $ $ x Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget Quarter 3 Quarter 4 Total Rev Billable Hours Billable Rate Billable Hours Billable Rate Total Rey, Dept. Auditing $ $ x Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget Totals THOME AND CREDE, CPAS Service Revenue Budget Year Total Rev. Billable Hourss Billable Rate Dept. Auditing $ $ | Consulting Totals TAK TO VIPre
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