Question

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 listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and total revenue.

CONCORD, CPAs Sales Revenue Budget For the Year Ending December 31, 2017For the Quarter Ending December 31, 2017December 31, 2017
	Quarter 1			Quarter 2
Dept.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.
Auditing		$	$		$	$
Tax
Consulting
Totals			$			$

CONCORD, CPAs Sales Revenue Budget For the Year Ending December 31, 2017December 31, 2017For the Quarter Ending December 31, 2017
Quarter 3				Quarter 4
Dept.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.
Auditing		$	$		$	$
Tax
Consulting
Totals			$			$

CONCORD, CPAs Sales Revenue Budget December 31, 2017For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017
Year
Dept.	Billable Hours	Billable Rate	Total Rev.
Auditing		$	$
Tax
Consulting
Totals			$

Answer 1

Answer

--Quarters and the Year's combined.

For the Year Ending December 31, 2017
	Quarter 1			Quarter 2			Quarter 3			Quarter 4			Year
Dept.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.	Billable Hours	Billable Rate	Total Rev.
Auditing	2330	$81	$188,730	1870	$81	$151,470	2120	$81	$171,720	2730	$81	$221,130	9050	$81	$733,050
Tax	3150	$91	$286,650	2660	$91	$242,060	2330	$91	$212,030	2790	$91	$253,890	10930	$91	$994,630
Consulting	1830	$104	$190,320	1830	$104	$190,320	1830	$104	$190,320	1830	$104	$190,320	7320	$104	$761,280
TOTAL			$665,700			$583,850			$574,070			$665,340			$2,488,960