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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,
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 2.310 1,710 2.170 2.790 Tax 3.140 2.500 2,240 2,890 Consulting 1,680 1.680 1,680 1,680 Average hourly billing rates are auditing $82, tax $92, and consulting $102 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 rter 1 Quarter 2 e Rate Total Rev. Billable Hours Billable Rate Total Rev. $ Dept. Auditing Tax Consulting Totals THOME AND CREDE, CPAs Service Revenue Budget Quarter 3 Billable Hours Billable Rate Total Rev. Billable Hours rter 1 e Rate Total Rev. Billable Hours $ e Rate $ THOME AND CREDE, CPAs Service Revenue Budget Quarter 2 Billable Rate $ $ Total Rev. Quarter 4 Total Rev. Billable Hours Billable Rate Total Rev. $ $ THOME AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing Tax Consulting Totals
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