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Oriole, CPAs, are preparing their service revenue (sales) budget for 2022. Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for
Oriole, CPAs, are preparing their service revenue (sales) budget for 2022. Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows: Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,200 1,700 2,100 2,600 3,300 2.200 1,900 2,400 Tax Consulting 1,500 1,500 1,500 1,500 Average hourly billing rates are $60 for auditing, $70 for tax, and $78 for consulting services. Prepare the service revenue (sales) budget for 2022 by listing the departments and showing the billable hours, billable rate, and total revenue for each quarter and the year in total. ORIOLE, CPAS Service Revenue Budget For the Year Ending December 31, 2022 Quarter Auditing: 1 2 3 4 Billable hours Rate $ $ $ Total revenue $ Quarter Tax: 1 2 3 Billable hours Rate $ $ $ $ Total revenue $ $ Quarter Consulting: 1 2 2 3 3 4 Billable hours Rate $ Total revenue $ $ $ Total revenue
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