Roche and Young, CPAs, are preparing their service revenue (sales) budget for 2020. Their practice is divided into three departments auditing, tax, and consulting, Billable hours for each department, by quarter are as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Department Auditing 2,200 1.700 2,100 2.600 Tax 3.300 2,200 1.900 2.400 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 2020 by listing the departments and showing the billable hours, billable rate and total revenue for each quarter and the year in total, Lockwood Company combines its operating expenses for budget purposes in a selling and administrative expenses budget. For the first six months of 2020, the following data are available: 1 2. 3. Sales: 19,700 units in quarter 1:22,300 units in quarter 2 Variable costs per dollar of sales: sales commissions 5%; delivery expense 2%; and advertising 4% Fixed costs per quarter: sales salaries $10,100; office salaries $7.200; depreciation $4,300: Insurance $1,600 utilities $800; and repairs expense $600 Unit selling price: $21 Prepare a selling and administrative expenses budget by quarters for the first six months of 2020. In May 2020, the budget committee of Big Jim Stores assembles the following data for preparing the merchandise purchases budget for the month of June 1. 2 Expected sales: June $489,000: July $617,000, Cost of goods sold is expected to be 75% of sales. Desired ending merchandise inventory is 30% of the following month's cost of goods sold. The beginning inventory at June 1 will be the desired amount 3 4. Calculate the budgeted merchandise purchases for June. $ Budgeted merchandise purchases