Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into three departments: auditing, tax,

image text in transcribedimage text in transcribed

Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Quarter Quarter Quarter Quarter Department Auditing Tax Consulting 2 3 4 2,360 1,760 2,230 2,590 3,180 2,560 2,130 2,860 1,7701,770 1,770 1,770 Average hourly billing rates are auditing $83, tax $94, and consulting $104 Prepare the service revenue (sales) budget for 2017 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 Sales Revenue Budget Quarter 1 Quarter 2 Dept.Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Total Rev Auditing Tax Consulting Totals THOME AND CREDE, CPAs Sales Revenue Budget Quarter3 Quarter4 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Total Rev Auditing Tax Consulting Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

3 Column Record 100 Page Account Book

Authors: IJ Publishing LLC

Ntb Edition

1537091360, 978-1537091365

More Books

Students also viewed these Accounting questions

Question

Explain the various techniques of Management Development.

Answered: 1 week ago