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Lily and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2022). The practice is divided into three departments: auditing,

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Lily and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2022). 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 1940 1,340 1,680 2,020 Tax 2,520 1.8401 1,680 2,100 Consulting 1260 1.260 1,260 1.260 Average hourly billing rates are auditing $60, tax $70, and consulting $90 Prepare the service revenue (sales) budget for 2022 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue LILY AND CREDE, CPAS Service Revenue Budget Quarter 1 Quarter 2 Dept. Billable Hours Billable Rate Total Rey Billable Hours

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