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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,

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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, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,320 1,860 2,370 2,550 Tax 3,140 2,740 2,310 2,860 Consulting 1,770 1,770 1,770 1,770 Average hourly billing rates are auditing $83, tax $95, and consulting $103. 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. Quarter 1 THOME AND CREDE, CPAS Service Revenue Budget THOME AND CREDE, CPAS Service Revenue Budget Quarter 1 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ $ Tax Consulting Totals Quarter 3 THOME AND CREDE, CPAS Service Revenue Budget ter 1 Rate THOME AND CREDE, CPAS Service Revenue Budget Quarter 2 Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ Quarter 3 THOME AND CREDE, CPAS Service Revenue Budget THOME AND CREDE, CPAS Service Revenue Budget Quarter 3 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Auditing $ Tax Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget $ THOME AND CREDE, CPAS Service Revenue Budget Quarter 4 Rate Total Rev. Billable Hours Billable Rate Total Rev. $ $ $ THOME AND CREDE, CPAS Service Revenue Budget THOME AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing $ Tax Consulting Totals

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