Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
need correct answer for all parts will leave a like thanks Sheffield and Crede, CPAs, are preparing their service revenue (sales) budget for the coming
need correct answer for all parts will leave a like thanks Sheffield 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 2,340 1,580 2,000 2,420 Tax 3,000 2,160 2,000 2,500 Consulting. 1,500 1.500 1,500 1,500 Average hourly billing rates are auditing $80, tax $90, and consulting $110. 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. Dept. Auditing Tax Consulting Totals Billable Hours Quarter 1 Billable Rate SHEFFIELD AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours $ Quarter 2 Billable Rate $ Total Rev. Dept. Auditing Tax Consulting Totals Billable Hours $ Quarter 3 Billable Rate $ SHEFFIELD AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours $ Quarter 4 Billable Rate $ Total Rev. Dept. Auditing Tax Consulting Totals SHEFFIELD AND CREDE, CPAS Service Revenue Budget Year Billable Rate Billable Hours $ $ Total Rev
need correct answer for all parts will leave a like thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started