Question
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 2,330 1,870 2,120 2,730 Tax 3,150 2,660 2,330 2,790 Consulting 1,830 1,830 1,830 1,830 Average hourly billing rates are auditing $81, tax $91, and consulting $104. 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 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 dollar amount $enter a total dollar amount THOME AND CREDE, CPAs Service Revenue Budget choose the accounting period 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 dollar amount $enter a total dollar amount THOME AND CREDE, CPAs Service Revenue Budget choose the accounting period 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 dollar amount Click if you would like to Show Work for this question: Open Show Work
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