Homework Answers
Rollins and Cohen CPAs
Professional fees Earned budget
For the year ending December 31,20Y8
| Billable hours | Hourly rate | Total revenue | |
| Audit department | |||
| Staff | 29900 | 135 | 4036500 |
| Partners | 4500 | 255 | 1147500 |
| Total | 5184000 | ||
| Tax Department | |||
| Staff | 22100 | 135 | 2983500 |
| Partners | 2800 | 255 | 714000 |
| Total | 3697500 | ||
| Small business Accounting department | |||
| Staff | 4200 | 135 | 567000 |
| partners | 600 | 255 | 153000 |
| Total | 720000 | ||
| Total professional fees earned | 9601500 |
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business accounting. Based on experience and cted growth, the following billable Professional Fees Earned Budget for...
Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAs, offer three types of...
Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2048: Billable Hours Audit Department: Staff 32,100 Partners 4,800 raw ON OF Tax Department: Staff ololo 24,100 3,000 Partners Small Business Accounting Department: Staff 4,500 Partners 600 The average billing rate for staff is $130 per...
Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAs, offer three types of...
Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 20Y8: Billable Hours Audit Department: Staff 42,600 Partners 6,400 Tax Department: Staff 32,000 Partners 4,000 Small Business Accounting Department: Staff 6,000 Partners 800 Based on the data provided above and assuming that the average compensation per...
Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAs, offer three types of...
Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 20Y8: Billable Hours Audit Department: Staff 38,200 Partners 5,700 Tax Department: Staff 27,900 Partners 3,500 Small Business Accounting Department: Staff 4,600 Partners 600 Based on the data provided above and assuming that the average compensation per...
Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on...
Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget. Rumble Thunder 85 74 Estimated inventory (units), June 1290 Desired inventory (units), June 30 Expected sales volume (units) East Region West Region Unit sales price 3,850 5,650 $100 3,400 6,400 $205 a. Prepare a sales budget. Sonic Inc Sales Budget For the Month Ending June 30...
v2.cengagenow.com CengageNOWV2 Online teaching and learning resource from 21 - HW Calculator E Printem Professional Labor...
v2.cengagenow.com CengageNOWV2 Online teaching and learning resource from 21 - HW Calculator E Printem Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAS, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2018: Billable Hours Audit Department: Staff Partners 26,200 2.900 Tax Department: 19,700 Partners 2,500 Small Business Accounting Department: Staff 3,700 Partners 500...
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...
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 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,530
1,850
2,320
2,740
Tax
3,250
2,680
2,140
2,690
Consulting
1,770
1,770
1,770
1,770
Average hourly billing rates are auditing $83, tax $94, and
consulting $102.
Prepare the service revenue (sales)...
Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming year (2017). The practice is d...
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 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,520
1,870
2,100
2,620
Tax
3,150
2,790
2,310
2,680
Consulting
1,770
1,770
1,770
1,770
Average hourly billing rates are auditing $82, tax $93, and
consulting $102.
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 di...
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
2,500
1,700
2,130
2,570
Tax
3,290
2,580
2,230
2,860
Consulting
1,860
1,860
1,860
1,860
Average hourly billing rates are auditing $83, tax $92, and
consulting $101.
Prepare the service revenue (sales) budget for...
Exercise 22-03 Thome and Crede, CPAs, are preparing their service revenue (sales) budget for the coming...
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
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,480
1,920
2,300
2,570
Tax
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 (sales)...
Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2048: Billable Hours Audit Department: Staff 32,100 Partners 4,800 raw ON OF Tax Department: Staff ololo 24,100 3,000 Partners Small Business Accounting Department: Staff 4,500 Partners 600 The average billing rate for staff is $130 per...
Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget. Rumble Thunder 85 74 Estimated inventory (units), June 1290 Desired inventory (units), June 30 Expected sales volume (units) East Region West Region Unit sales price 3,850 5,650 $100 3,400 6,400 $205 a. Prepare a sales budget. Sonic Inc Sales Budget For the Month Ending June 30...
v2.cengagenow.com CengageNOWV2 Online teaching and learning resource from 21 - HW Calculator E Printem Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAS, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2018: Billable Hours Audit Department: Staff Partners 26,200 2.900 Tax Department: 19,700 Partners 2,500 Small Business Accounting Department: Staff 3,700 Partners 500...
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 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,530
1,850
2,320
2,740
Tax
3,250
2,680
2,140
2,690
Consulting
1,770
1,770
1,770
1,770
Average hourly billing rates are auditing $83, tax $94, and
consulting $102.
Prepare the service revenue (sales)...
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 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,520
1,870
2,100
2,620
Tax
3,150
2,790
2,310
2,680
Consulting
1,770
1,770
1,770
1,770
Average hourly billing rates are auditing $82, tax $93, and
consulting $102.
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.
Department
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,500
1,700
2,130
2,570
Tax
3,290
2,580
2,230
2,860
Consulting
1,860
1,860
1,860
1,860
Average hourly billing rates are auditing $83, tax $92, and
consulting $101.
Prepare the service revenue (sales) budget for...
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
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Auditing
2,480
1,920
2,300
2,570
Tax
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 (sales)...
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