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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 2,320 1,790 2,220 2,720 Tax 3,220 2,580 2,350 2,690 Consulting 1,760 1,760 1,760 1,760 Average hourly billing rates are auditing $82, tax $93, 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. THOME AND CREDE, CPAS Service Revenue Budget Quarter 1 December 31, 2020 For the Quarter Ending December 31, 2020 For the Year Ending December 31, 2020 Total Rev. Billable Hours Dept. Billable Hours Billable Rate Auditing $ Tax Consulting Totals THOME AND CREDE, CPAS Service Revenue Budget !r 1 December 31, 2020 For the Quarter Ending December 31, 2020 For the Year Ending December 31, 2020 Total Rev. Billable Hours Quarter 2 late Billable Rate Total Rev. $ $ $ $ $ THOME AND CREDE, CPAS Service Revenue Budget Quarter 3 For the Quarter Ending December 31, 2020 December 31, 2020 For the Year Ending December 31, 2020 Total Rev. Billable Hours Dept. Billable Hours Billable Rate Auditing $ $ ta Tax Consulting Totals $ THOME AND CREDE, CPAs Service Revenue Budget For the Quarter Ending December 31, 2020 December 31, 2020 For the Year Ending December 31, 2020 Total Rev. Billable Hours Quarter 4 late Billable Rate Total Rev. $ $ $ THOME AND CREDE, CPAs Service Revenue Budget For the Year Ending December 31, 2020 For the Quarter Ending December 31, 2020 December 31, 2020 Billable Hours Billable Rate Dept. Total Rev. Auditing $ ta $ Tax Consulting Totals $
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