Homework Answers
ANSWER:
| Departments | Billing rates | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 |
|---|---|---|---|---|---|
| Auditing | $60 | $132000 | $96000 | $120000 | $144000 |
| Tax | $70 | $210000 | $168000 | $140000 | $175000 |
| Consulting | $80 | $120000 | $120000 | $120000 | $120000 |
| Total | $462000 | $384000 | $380000 | $439000 |
Total revenue for the year in total = $1665000
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E10.18 Prepare quarterly sales budgets. Roche and Young, CPAS, are preparing their service revenue (sales) budget...
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E9-3 Garza and Neely, CPAS, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Auditing Quarter 1 Quarter 2 Quarter 3 Quarter 4 2,300 3,000 1,500 1,600 2,200 1,500 2,000 2,000 1,500 2,400 2,500 1,500 Тах Consulting Average hourly billing rates are auditing $80, tax $90, and consulting $100. Instructions Prepare the service revenue (sales)...
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E23-3
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E10.19 Prepare quarterly production budgets. (LO 2) Wayans Company produces and sells automobile batteries, inclu...
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Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2020)....
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 1,780 2,180 2,650 Tax 3,240 2,770 2,250 2,660 1,670 Consulting 1,670 1,670 1,670 Average hourly billing rates are auditing $82, tax $92, and consulting $103. Prepare the service revenue (sales) budget for...
Thome and Crede, CPAS, are preparing their service revenue (sales) budget for the coming year (2020)....
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 Таx 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...
Exercise 9-3 (Video) Thome and Crede, CPAS, are preparing their service revenue (sales) budget for the...
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Concord, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice...
Concord, CPAs, are preparing their service revenue (sales)
budget for the coming year (2017). 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
2,330
1,870
2,120
2,730
Tax
3,150
2,660
2,330
2,790
Consulting
1,830
1,830
1,830
1,830
Average hourly billing rates are auditing $81, tax $91, and
consulting $104.
Prepare the service revenue (sales) budget for 2017 by...
Exercise 21-3 Thome and Crede, CPAS, are preparing their service revenue (sales) budget for the coming...
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E23-3
Prepare a sales budget for 4 quarters (LO 2) E23-3 Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows. Exercises 1039 Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing Tax Consulting 2,300 3,000 1,500 1,600 2,200 1,500 2,000 2,000 1,500 2,400 2,500 1,500 Average hourly billing rates are auditing...
E10.19 Prepare quarterly production budgets. (LO 2) Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2020 sales budget is as follows: Quarter Units of HD-240 1 6,000 7,000 9,000 10,000 The January 1, 2020, inventory of HD-240 is 1,500 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter...
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 1,780 2,180 2,650 Tax 3,240 2,770 2,250 2,660 1,670 Consulting 1,670 1,670 1,670 Average hourly billing rates are auditing $82, tax $92, and consulting $103. Prepare the service revenue (sales) budget for...
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 Таx 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...
Exercise 9-3 (Video) 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 2 Department Quarter 1 Quarter 3 Quarter 4 Auditing Тах 2,480 1,920 2,300 2,570 3,170 2,510 2,300 2,640 Consulting 1,890 1,890 1,890 1,890 Average hourly billing rates are auditing $81, tax $93, and consulting $102 Prepare the service revenue...
Exercise 22-03 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 Quarter 1 2,320 3,220 1,760 Quarter 2 1,790 2,580 1,760 Quarter 3 2,220 2,350 1,760 Quarter 4 2,720 2,690 1,760 Average hourly billing rates are auditing $82, tax $93, and consulting $103. Prepare the service revenue (sales)...
Concord, CPAs, are preparing their service revenue (sales)
budget for the coming year (2017). 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
2,330
1,870
2,120
2,730
Tax
3,150
2,660
2,330
2,790
Consulting
1,830
1,830
1,830
1,830
Average hourly billing rates are auditing $81, tax $91, and
consulting $104.
Prepare the service revenue (sales) budget for 2017 by...
Exercise 21-3 Thome and Crede, CPAS, are preparing their service revenue (sales) budget for the coming year (2017). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 3 Quarter 4 Quarter 1 Quarter 2 Auditing 2,450 1,840 2,330 2,710 3,130 2,650 2,300 Таx 2,800 Consulting 1,640 1,640 1,640 1,640 Average hourly billing rates are auditing $84, tax $94, and consulting $105 Prepare the service revenue (sales)...
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