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 Auditing Tax Consulting Dept. Auditing Tax Consulting Quarter 1 Totals 2,300 3,000 1,500 Quarter 2 1,600 Billable Hours 2,200 1,500 Average hourly billing rates are auditing $80, tax $90, and consulting $110. 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. Quarter 3 $ 2,000 2,000 1.500 Quarter 4 Quarter 1 2,400 2,500 1,500 Billable Rate $ $ THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours $ Quarter 2 Billable Rate $ Total Rev.

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 Auditing Tax Consulting Dept. Auditing Tax Consulting Quarter 1 Totals 2,300 3,000 1,500 Quarter 2 1,600 Billable Hours 2,200 1,500 Average hourly billing rates are auditing $80, tax $90, and consulting $110. 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. Quarter 3 $ 2,000 2,000 1.500 Quarter 4 Quarter 1 2,400 2,500 1,500 Billable Rate $ $ THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours $ Quarter 2 Billable Rate $ Total Rev.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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