Question

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 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 $

Answer 1

		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2020
	Quarter 1			Quarter 2
Dept.	Billable hours	Billable rate	Total rev.	Billable hours	Billable rate	Total rev.
Auditing	2480	81	200880	1920	81	155520
Tax	3170	93	294810	2510	93	233430
Consulting	1890	102	192780	1890	102	192780
Totals			688470			581730
		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2020
	Quarter 3			Quarter 4
Dept.	Billable hours	Billable rate	Total rev.	Billable hours	Billable rate	Total rev.
Auditing	2300	81	186300	2570	81	208170
Tax	2300	93	213900	2640	93	245520
Consulting	1890	102	192780	1890	102	192780
Totals			592980			646470
		THOME AND CREDE CPAs
		Sales Revenue Budget
		For the year ending December 31,2020
	Year
Dept.	Billable hours	Billable rate	Total rev.
Auditing	9270	81	750870
Tax	10620	93	987660
Consulting	7560	102	771120
Totals			2509650