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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,

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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 2420 Tax 3.000 2160 2,000 2.500 Consulting 1,500 1,500 2.500 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. SHEFFIELD AND CREDE, CPAS Service Revenue Budget Quarter 1 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ Tax Consulting Totals SHEFFIELD AND CREDE, CPAS Service Revenue Budget ter 1 Quarter 2 Rate Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ SHEFFIELD AND CREDE, CPAS Service Revenue Budget Quarter 3 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ $ $ Tax Consulting Totals $ SHEFFIELD AND CREDE, CPAS Service Revenue Budget Quarter 4 Rate Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ $ SHEFFIELD AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing $ $ Tax Consulting Totals

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