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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 2,300 1,700 2,100 2,500 Tax 3,100 2,500 2,100 2,600 Consulting 1,600 1,600 1,600 1,600 Average hourly billing rates are auditing $81, tax $91, and consulting $101. 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 Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate THOME AND CREDE, CPAS Service Revenue Budget Quarter 3 Quarter 4 Dept. Billable Hours Billable Rate Total Rev. Billable Hours Billable Rate Auditing Tax Consulting I Totals + L THOME AND CREDE, CPAS Service Revenue Budget Year Dept. Billable Hours Billable Rate Total Rev. Auditing Tax Consulting Totals
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