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Swifty and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2025). The practice is divided into three departments: auditing, tax,
Swifty and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2025). 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 1,890 1,310 1,640 1.970 Tax 2,460 1,800 1,640 2,050 Consulting 1,230 1,230 1,230 1,230 Average hourly billing rates are auditing $70, tax $80, and consulting $100. Prepare the service revenue (sales) budget for 2025 by listing the departments and showing billable hours, billable rate, and total revenue for each quarter and the year in total. SWIFTY AND CREDE CO Quarter 1 SWIFTY AND CREDE, CPAS Service Revenue Budget Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ Tax Consulting Totals: arter 1 e Rate: $ SWIFTY AND CREDE, CPAS Service Revenue Budget Quarter 2 Total Rev. Billable Hours Billable Rate Total Rev. $ $ Quarter 3 Dept. Billable Hours Billable Rate Auditing $ Tax Consulting Totals $ Total Rev. Billable Hours $ Question 10 of 10 e Rate Quarter 4 Total Rev. Billable Hours Billable Rate Total Rev. $ Year Dept. Billable Hours Billable Rate $ $ Auditing Tax Consulting Totals Total Rev
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