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Pharoah and Sheridan, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax,
Pharoah and Sheridan, 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 Auditing Tax Consulting Quarter 1 2,510 3,250 1,660 Quarter 2 1,780 2,750 1,660 Quarter 3 2,390 2.250 1,660 Quarter 4 2,760 2,630 1,660 Average hourly billing rates are auditing $83, tax $93, 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, billable hours, billable rate, and total revenue. THOME AND CREDE, OPAS Sales Revenue Budget Quarter 1 Billable Rate Quarter 2 Ballable Rate Dept . Billable Hours Total Rev. Billable Hours Total Rev. Auditing Tax Consulting Totals THOME AND CREDE, OPAS Sales Revenue Budget Quarter 3 Pultable Rate Quarter 1 Billable Rate Billable Hours Total Rev. Billable Hours Total Rev. Dept Auditing Consulting Totals THOME AND CREDE, CPAS Sales Revenue Budget Billable Hours Year Billable Rate Total Rev. Dept. Auditing Tax Consulting Totals
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