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 Auditing Tax Consulting Dept. Auditing Tax Consulting 2,450 3,130 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105. 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. Totals Quarter 2 1,840 2,650 1,640 Billable Hours Quarter 3 2,330 2,300 $ 1,640 Quarter 4 2,710 2,800 1,640 Quarter 1 Billable Rate $ THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours
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 Auditing Tax Consulting Dept. Auditing Tax Consulting 2,450 3,130 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105. 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. Totals Quarter 2 1,840 2,650 1,640 Billable Hours Quarter 3 2,330 2,300 $ 1,640 Quarter 4 2,710 2,800 1,640 Quarter 1 Billable Rate $ THOME AND CREDE, CPAS Service Revenue Budget Total Rev. Billable Hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Auditing
Tax
Consulting
Dept.
Auditing
Tax
Consulting
2,450
3,130
1,640
Average hourly billing rates are auditing $84, tax $94, and consulting $105.
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.
Totals
Quarter 2
1,840
2,650
1,640
Billable Hours
Quarter 3
2,330
2,300
$
1,640
Quarter 4
2,710
2,800
1,640
Quarter 1
Billable Rate
$
THOME AND CREDE, CPAS
Service Revenue Budget
Total Rev.
Billable Hours
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