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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 2,520 1,870 2,100 2,620
Tax 3,150 2,790 2,310 2,680
Consulting 1,770 1,770 1,770 1,770

Average hourly billing rates are auditing $82, tax $93, 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 choose the accounting period

For the Year Ending December 31, 2020For the Quarter Ending December 31, 2020December 31, 2020

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 Service Revenue Budget choose the accounting period

For the Quarter Ending December 31, 2020December 31, 2020For the Year Ending December 31, 2020

Quarter 3

Quarter 4

Dept.

Billable Hours

Billable Rate

Total Rev.

Billable Hours

Billable Rate

Total Rev.

Auditing
Tax
Consulting
Totals

THOME AND CREDE, CPAs Service Revenue Budget choose the accounting period

For the Year Ending December 31, 2020December 31, 2020For the Quarter Ending December 31, 2020

Year

Dept.

Billable Hours

Billable Rate

Total Rev.

Auditing

Tax

Consulting

Totals

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