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Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020). The practice is divided into three departments: auditing, tax,

Thome and Crede, 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

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Auditing

2,460 1,870 2,320 2,660

Tax

3,150 2,750 2,340 2,620

Consulting

1,890 1,890 1,890 1,890

Average hourly billing rates are auditing $85, tax $91, and consulting $101. 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, CPAs Service Revenue Budget choose the accounting period

December 31, 2020For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020

Quarter 1

Quarter 2

Dept.

Billable Hours

Billable Rate

Total Rev.

Billable Hours

Billable Rate

Total Rev.

Auditing

enter a number of hours

$enter a dollar amount

$enter a dollar amount

enter a number of hours

$enter a dollar amount

$enter a dollar amount

Tax

enter a number of hours

enter a dollar amount

enter a dollar amount

enter a number of hours

enter a dollar amount

enter a dollar amount

Consulting

enter a number of hours

enter a dollar amount

enter a dollar amount

enter a number of hours

enter a dollar amount

enter a dollar amount

Totals

$enter a total amount

$enter a total amount

THOME AND CREDE, CPAs Service Revenue Budget choose the accounting period

For the Year Ending December 31, 2020December 31, 2020For the Quarter Ending December 31, 2020

Quarter 3

Quarter 4

Dept.

Billable Hours

Billable Rate

Total Rev.

Billable Hours

Billable Rate

Total Rev.

Auditing

enter a number of hours

$enter a dollar amount

$enter a dollar amount

enter a number of hours

$enter a dollar amount

$enter a dollar amount

Tax

enter a number of hours

enter a dollar amount

enter a dollar amount

enter a number of hours

enter a dollar amount

enter a dollar amount

Consulting

enter a number of hours

enter a dollar amount

enter a dollar amount

enter a number of hours

enter a dollar amount

enter a dollar amount

Totals

$enter a total amount

$enter a total amount

THOME AND CREDE, CPAs Service Revenue Budget choose the accounting period

For the Year Ending December 31, 2020December 31, 2020For the Quarter Ending December 31, 2020

Year

Dept.

Billable Hours

Billable Rate

Total Rev.

Auditing

enter a number of hours

$enter a dollar amount

$enter a dollar amount

Tax

enter a number of hours

enter a dollar amount

enter a dollar amount

Consulting

enter a number of hours

enter a dollar amount

enter a dollar amount

Totals

$enter a total amount

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