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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. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Department 2,300 2,570 2,480 1,920 Auditing 2,640 3,170 2,510 2,300 x 1,890 1,890 1,890 1,890 Consulting Average hourly billing rates are auditing $81, 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 Quarter 1 Quarter 2 Total Rev. Billable Hours Billable Rate Billable Hours Billable Rate Total Rev. Dept. Auditing $ $ Tax Consulting Totals $ Service Rev Bdgel Quarter 3 Quarter 4 Total Rev. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Dept. Auditing $ $ Tax Consulting Totals $ $ THOME AND CREDE, CPAS Service Revenue Budget Year Total Rev. Billable Hours Billable Rate Dept. Auditing $ $ Tax Consulting Totals $
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